# Ag Market View 9.21 - ADM Investor Services

> Soybeans, soyoil, soymeal, corn and wheat traded sharply lower on September 21, 2020, amid steep losses in equities, crude and gold and a sharply higher US dollar. Traders linked the selloff to profit taking, the lack of new US stimulus and concerns about EU virus restrictions. Weekly US soybean export sales and USDA trade estimates were also cited.

- Date: 2020-09-21 · published 2020-09-21T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/10532-ag-market-view-9-21-adm-investor-services
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

A stronger dollar and risk-off selling pressure feed-grain and oilseed meal prices, though steady export demand for US soybeans limits the downside.

## Read by commodity

- SBM: bearish ▼
- SBO: bearish ▼
- SOY: bearish ▼
- CORN: bearish ▼
- WHEAT: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| CORN | 2020-09-21 | 1 | -1.8% | -3.1 | Same-day report ties the grain selloff to profit taking, a sharply higher US dollar and weaker equities, crude and gold, which fits a sentiment and currency-driven decline in corn. |
| SBO | 2020-09-23 | 5 | -8.1% | -3.0 | Soyoil and the broader complex fell sharply on Sept 21 amid profit taking, a stronger dollar, and a crude and equity selloff, driving a large part of the 5-day decline. |

## Sources

- admis.com: https://www.admis.com/ag-market-view-9-21-steep/

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