# New lows for July soybeans, winter wheat - Brownfield Ag News

> Soybeans and winter wheat hit new contract lows on fund and technical selling, while soybean meal and oil followed beans lower. US planting was slower than normal, with 15% of corn planted versus 27% on average, and trade talks with China continued without a signed deal.

- Date: 2019-04-30 · published 2019-04-30T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/10956-new-lows-for-july-soybeans-winter-wheat-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), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Slow US planting and possible acreage switching are supportive for corn, while uncertain China demand and strong South American supplies weigh on soybeans and meal prices.

## Read by commodity

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

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/new-lows-for-july-soybeans-winter-wheat/

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