# Broader market losses push soybeans, corn lower - Brownfield Ag News

> Soybeans fell sharply on fund and technical selling, with May contracts at a nine-month low. Unknown buyers purchased 123,500 tons of U.S. beans, though Brazil holds a price advantage. Soymeal and soyoil also declined, while corn moved lower with the broader market.

- Date: 2020-03-09 · published 2020-03-09T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/11270-broader-market-losses-push-soybeans-corn-lower-brownfield-ag-news
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

Brazil's competitive pricing limits US export demand, and weaker crude weighs on soyoil and corn. Price pressure on feed ingredients persists while Brazilian supplies dominate.

## Read by commodity

- SBM: bearish ▼
- SBO: bearish ▼
- SOY: bearish ▼
- CORN: bearish ▼
- USDBRL: neutral

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/broader-market-losses-push-soybeans-corn-lower/

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