# Grains extend losses as selloff continues

> Corn, soybeans and wheat fell for a third straight session on April 21, 2023, with July corn losing 3.2% for the week. Technical selling followed US planting progress and record Brazilian production. Crude oil rose 0.75% toward $78 per barrel, and funds were net sellers of grains.

- Date: 2023-04-21 · published 2023-04-21T12:00:00.000Z
- Category: market · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/10362-grains-extend-losses-as-selloff-continues
- 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

Record Brazilian output and early US planting progress weigh on US feed grain prices. Ample supply expectations keep the bearish trend in corn and soybeans intact.

## Read by commodity

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

## Sources

- feedstuffs.com: https://www.feedstuffs.com/grain-market-news/grains-extend-losses-as-selloff-continues

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