# Profit taking pressures soybeans, corn - Brownfield Ag News

> Soybeans fell on profit-taking and technical selling after a run to multi-month highs, with meal and oil following lower. USDA projects a record US corn crop, and the harvest is complete. Wheat fell on commercial and technical selling, with Algeria and Egypt tendering for wheat.

- Date: 2016-11-29 · published 2016-11-29T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/10692-profit-taking-pressures-soybeans-corn-brownfield-ag-news
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Record US corn output and large global wheat supplies weigh on prices. Algerian and Egyptian tenders offer modest support for wheat export demand.

## Read by commodity

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

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/profit-taking-pressures-soybeans-corn-4/

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