# U.S. grains: Soy falls on position squaring - Country Guide

> US soybean futures fell for a second day as investors squared month-end positions and locked in gains. Wheat fell on a firm dollar, and corn was steady to slightly weaker after a record US harvest. Crude oil jumped about 9% after Saudi Arabia said OPEC was close to a production-cut deal, but soybeans ignored the move.

- Date: 2016-11-30 · published 2016-11-30T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/10691-u-s-grains-soy-falls-on-position-squaring-country-guide
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Heavy fund long positions are being unwound, so soybeans lack momentum despite firm energy prices. A stronger dollar and record corn supplies cap grain prices.

## Read by commodity

- DXY: bullish ▲
- SOY: bearish ▼
- WTI: bullish ▲
- CORN: bearish ▼
- BRENT: bullish ▲
- WHEAT: bearish ▼

## Sources

- country-guide.ca: https://www.country-guide.ca/daily/u-s-grains-soy-falls-on-position-squaring/
- grainews.ca: https://www.grainews.ca/daily/u-s-grains-soy-falls-on-position-squaring/

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