# Funds heavily sell CBOT corn, soy, meal ahead of USDA data dump

> CBOT soybean meal futures fell to their lowest most-active level since December 2021, extending a two-month slide. Funds sold corn, soybeans and meal ahead of USDA data, and improving crop prospects in Argentina added pressure.

- Date: 2024-01-15 · published 2024-01-15T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/11441-funds-heavily-sell-cbot-corn-soy-meal-ahead-of-usda-data-dump
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Heavy fund liquidation and better Argentine meal supply weigh on US soymeal export competitiveness and feed meal prices.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼
- CORN: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/markets/us/funds-heavily-sell-cbot-corn-soy-meal-ahead-usda-data-dump-2024-01-15/

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