# Bearish sentiment tightens its grip

> Corn, soybeans and wheat extended losses on April 20, 2023, after a broad selloff continued with technical selling. Corn fell about 1.25%, soybeans slipped over 0.5%, and some wheat contracts dropped more than 2.5%. Crude oil declined almost 2.5% to $77 per barrel.

- Date: 2023-04-20 · published 2023-04-20T12:00:00.000Z
- Category: market · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/10360-bearish-sentiment-tightens-its-grip
- 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

Expectations of a record Brazilian corn crop and seasonal planting pressure weigh on US feed grain prices. Lower crude also reduces energy-linked support for commodities.

## Read by commodity

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

## Sources

- feedstuffs.com: https://www.feedstuffs.com/market-news/bearish-sentiment-tightens-its-grip

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