# Corn finishes modestly lower on profit taking - Brownfield Ag News

> Corn finished modestly lower on March 20, 2017 on profit taking and technical selling. South Korea bought 132,000 tons of 2016/17 US corn, and Brazil's combined crop estimate was raised to 98 million tons. Taiwan was tendering for 98,200 tons of US milling wheat.

- Date: 2017-03-20 · published 2017-03-20T12:00:00.000Z
- Category: trade · region Global · magnitude low
- Page: https://feedsoft.ai/events/10728-corn-finishes-modestly-lower-on-profit-taking-brownfield-ag-news
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [DDGS](https://feedsoft.ai/c/DDGS.md)

## Why it matters

Higher Brazilian corn estimates increase export competition for US corn, though South Korean and Taiwanese purchases provide some demand support for US supplies.

## Read by commodity

- SOY: neutral
- CORN: bearish ▼
- DDGS: neutral
- WHEAT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2024-05-16 | [Soybeans, corn, wheat continue mostly lower trend - Brownfield Ag News](https://feedsoft.ai/events/10512-soybeans-corn-wheat-continue-mostly-lower-trend-brownfield-ag-news.md) | +0.1% | +4.6% |
| CORN | 2017-03-22 | [Soybeans mostly lower, corn down, watching South America - Brownfield Ag News](https://feedsoft.ai/events/10726-soybeans-mostly-lower-corn-down-watching-south-america-brownfield-ag-news.md) | -0.3% | -0.1% |
| CORN | 2024-08-20 | [USGC focused on Mexico GMO corn ban - Brownfield Ag News](https://feedsoft.ai/events/28746-usgc-focused-on-mexico-gmo-corn-ban-brownfield-ag-news.md) | -3.5% | +5.3% |
| CORN | 2019-04-05 | [Soybeans, corn down on lack of China deal - Brownfield Ag News](https://feedsoft.ai/events/59636-soybeans-corn-down-on-lack-of-china-deal-brownfield-ag-news.md) | -1.7% | -1.7% |
| CORN | 2018-06-25 | [Soybeans, corn down on trade tensions, weather - Brownfield Ag News](https://feedsoft.ai/events/8583-soybeans-corn-down-on-trade-tensions-weather-brownfield-ag-news.md) | -1.1% | -3.7% |
| SOY | 2019-04-29 | [Corn firm, but below day's highs - Brownfield Ag News](https://feedsoft.ai/events/10960-corn-firm-but-below-day-s-highs-brownfield-ag-news.md) | -2.8% | -2.8% |
| SOY | 2019-10-28 | [The fine print of Trump's China tariff deal - Brownfield Ag News](https://feedsoft.ai/events/56429-the-fine-print-of-trump-s-china-tariff-deal-brownfield-ag-news.md) | +0.4% | -2.5% |
| SOY | 2019-02-27 | [Grain, oilseed rally fizzles - Brownfield Ag News](https://feedsoft.ai/events/11850-grain-oilseed-rally-fizzles-brownfield-ag-news.md) | -0.3% | -0.3% |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/corn-finishes-modestly-lower-profit-taking/

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