# Chicago soy, grains retreat as technical selling unwinds crude-driven rally - Markets - Business Recorder

> Chicago soybeans, corn and wheat retreated from multi-year highs on March 10 as traders booked profits after the prior session's crude-driven rally. Most-active soybeans fell 0.27% to $11.93 a bushel and soyoil lost 1.39% to 65.18 cents per pound. Trump said the US would waive some oil sanctions, possibly including Russian oil.

- Date: 2026-03-10 · published 2026-03-10T12:00:00.000Z
- Category: geopolitics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/10390-chicago-soy-grains-retreat-as-technical-selling-unwinds-crude-driven-rally
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Soyoil and grains track crude through biofuel demand and fund flows, so the energy retreat weighs on prices, while Brazil's large crop and uncertain Chinese demand add pressure on soybeans.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2023-05-04 | [Wheat climbs to one-week high on Black Sea supply concerns - Markets - Business Recorder](https://feedsoft.ai/events/7384-wheat-climbs-to-one-week-high-on-black-sea-supply-concerns-markets-business.md) | -0.8% | -8.2% |
| SOY | 2022-03-29 | [Grains Remain Under Selling Pressure as Trading Closes](https://feedsoft.ai/events/7629-grains-remain-under-selling-pressure-as-trading-closes.md) | -3.7% | +2.5% |
| SOY | 2022-02-27 | [Ukraine crisis: Agri commodities prices plunge in global markets as supply fears recede - The HinduBusinessLine](https://feedsoft.ai/events/8528-ukraine-crisis-agri-commodities-prices-plunge-in-global-markets-as-supply-fears.md) | +5.4% | +7.5% |
| SOY | 2022-01-25 | [Frost risk remains for Black Sea crops: Grain market daily \| AHDB](https://feedsoft.ai/events/43080-frost-risk-remains-for-black-sea-crops-grain-market-daily-ahdb.md) | +6.2% | +16.5% |
| SOY | 2023-05-03 | [GRAINS-Wheat rallies as tensions rise between Russia, Ukraine \| Kitco News](https://feedsoft.ai/events/7381-grains-wheat-rallies-as-tensions-rise-between-russia-ukraine-kitco-news.md) | +0.9% | -9.7% |
| CORN | 2022-03-29 | [Grains Remain Under Selling Pressure as Trading Closes](https://feedsoft.ai/events/7629-grains-remain-under-selling-pressure-as-trading-closes.md) | +2.7% | +4.0% |
| CORN | 2022-02-27 | [Ukraine crisis: Agri commodities prices plunge in global markets as supply fears recede - The HinduBusinessLine](https://feedsoft.ai/events/8528-ukraine-crisis-agri-commodities-prices-plunge-in-global-markets-as-supply-fears.md) | +10.4% | +14.4% |
| CORN | 2026-03-09 | [Grains Retreat Following Energies, See Farmer Selling: Cattle Plunge - AgWeb](https://feedsoft.ai/events/10387-grains-retreat-following-energies-see-farmer-selling-cattle-plunge-agweb.md) | +0.9% | +1.7% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40410942

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