# Export concerns cloud grain prices

> Corn, soybeans and wheat fell again on April 26, 2023, as renewed concerns about export pace and competition from global suppliers triggered technical selling. July corn dropped about 1%, soybeans eased 0.1%, and wheat lost 1.75% to 3.25%. Crude oil fell over 3% to $74 per barrel on recession fears.

- Date: 2023-04-26 · published 2023-04-26T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/10359-export-concerns-cloud-grain-prices
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Export competition concerns point to softer foreign demand for US grain, keeping feed grain prices under pressure. Weaker crude and recession worries also reduce energy-linked support for grain values.

## Read by commodity

- SOY: bearish ▼
- WTI: bearish ▼
- CORN: bearish ▼
- WHEAT: bearish ▼

## Sources

- feedstuffs.com: https://www.feedstuffs.com/ingredient-market-prices/export-concerns-cloud-grain-prices

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.