# Corn, Chicago wheat hit multi-year lows - Brownfield Ag News

> Corn fell to its lowest spot price in almost seven years and Chicago wheat hit multi-year lows on speculative and technical selling. Soybeans and soybean meal also eased, while soybean oil rose on product spread adjustments. The private crop tour yield estimate for corn came in below USDA's most recent figure.

- Date: 2016-08-26 · published 2016-08-26T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/10612-corn-chicago-wheat-hit-multi-year-lows-brownfield-ag-news
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Multi-year lows in corn and wheat make cheap energy and protein feed available to buyers, but the large new-crop supply outlook limits any near-term rebound. Soybean meal weakness reduces protein feed costs.

## Read by commodity

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

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/corn-chicago-wheat-hit-multi-year-lows/

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