# U.S. grains: Soy snaps winning streak - Grainews

> CBOT soybean futures fell 1.2% on profit-taking after a 4.5-month high, with January beans down 13.5 cents to $10.42.5. Corn and wheat also fell for a fourth straight session on ample global supplies, and several SRW contracts hit new lows. Crude oil dropped about 4% as OPEC members struggled to agree on production cuts.

- Date: 2016-11-29 · published 2016-11-29T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/10690-u-s-grains-soy-snaps-winning-streak-grainews
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Liquidation of speculative long positions and falling crude oil weakened soybean prices. Ample global grain supplies keep corn and wheat under pressure.

## Read by commodity

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

## Sources

- grainews.ca: https://www.grainews.ca/daily/u-s-grains-soy-snaps-winning-streak/

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