# Soybeans fall, set for third week of losses on record US output - Markets - Business Recorder

> Chicago soybeans fell for a third straight week after USDA raised its US corn and soybean production estimates. Wheat and corn also lost ground, and US soybean export sales were reported at 1.34 million metric tons for 2024-25.

- Date: 2024-08-16 · published 2024-08-16T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/10468-soybeans-fall-set-for-third-week-of-losses-on-record-us-output-markets-business
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Expectations of record US output and slowing Chinese demand keep grain prices under pressure ahead of the Pro Farmer crop tour.

## Read by commodity

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

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SOY | 2024-08-15 | 5 | -8.7% | -3.8 | Soybeans extended losses for a third straight week on record US output, consistent with the continued decline. |

## Sources

- brecorder.com: https://www.brecorder.com/news/40317832

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