# Soybeans, corn down on profit taking - Brownfield Ag News

> Soybeans and corn fell on profit taking and technical selling. Unknown buyers purchased 192,000 tons of 2016/17 US soybeans, and China announced a five-year plan to shift acreage from corn to soybeans.

- Date: 2016-10-20 · published 2016-10-20T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/10544-soybeans-corn-down-on-profit-taking-brownfield-ag-news
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

China's plan to expand soybean acreage at corn's expense points to longer-term shifts in feed grain and oilseed balances, though near-term prices were driven by profit taking.

## Read by commodity

- SBM: neutral
- SOY: bullish ▲
- CORN: bearish ▼

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/soybeans-corn-profit-taking-3/

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