# Afternoon Market Recap for August 20, 2021 - HighLine Grain Growers, Inc

> US corn, soybeans and wheat fell about 1.5% to 2% on Friday after profit taking and technical selling, while soyoil dropped more than 5% and soymeal rose about 0.5%. Weakness in stocks and crude oil, which fell below $63 a barrel, added pressure. NOAA forecasts showed some rain for western Iowa and drier conditions elsewhere in the Corn Belt.

- Date: 2021-08-20 · published 2021-08-20T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/11362-afternoon-market-recap-for-august-20-2021-highline-grain-growers-inc
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Broad risk-off moves in equities and energy pulled grain futures lower, and soyoil's sharp drop reflects weaker biofuel sentiment. Feed buyers may see softer corn and soybean values in the short term.

## Read by commodity

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

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SBO | 2021-08-20 | 1 | -5.1% | -3.2 | Same-day recap confirms soyoil fell over 5% amid profit taking, technical selling, and crude oil dropping below $63, which weakened the vegetable-oil/energy complex. |

## Sources

- highlinegrain.com: https://highlinegrain.com/story-afternoon-market-recap-august-20-2021-22-217089

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