# After the Bell | January 19, 2023 - Pro Farmer

> March corn fell 4 cents to $6.77 1/4 and March soybeans fell 9 3/4 cents to $15.14 3/4 after soybean futures hit a seven-month high and meal a contract high the prior day. Wheat fell on lower outside markets, and cotton slid on recession fears after weak US retail sales and Chinese data.

- Date: 2023-01-19 · published 2023-01-19T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/10659-after-the-bell-january-19-2023-pro-farmer
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Profit-taking after multi-month highs and forecasts of Argentine rain eased supply concerns, pressuring meal and corn prices for feed buyers. Recession worries also weighed on the complex.

## Read by commodity

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

## Sources

- profarmer.com: https://www.profarmer.com/news/agriculture-news/after-bell-january-19-2023

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