# Grains, oilseeds drop on broader market losses - Brownfield Ag News

> Soybeans, corn and wheat were sharply lower on fund and technical selling, following a broader market decline tied to COVID variant concerns and Fed comments. Unknown destinations bought 132,000 tons of 2021/22 U.S. soybeans, while Australia was expected to produce a record canola crop. EPA renewable fuels mandate uncertainty also weighed on corn sentiment.

- Date: 2021-11-30 · published 2021-11-30T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/11596-grains-oilseeds-drop-on-broader-market-losses-brownfield-ag-news
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Broad risk-off selling and a large expected Australian canola crop add bearish pressure, though modest export buying offers some support. Uncertainty over biofuel mandates could weigh on corn and soyoil demand.

## Read by commodity

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

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SBM | 2021-11-29 | 1 | -2.8% | -3.0 | Describes fund and technical selling in soybeans tied to COVID variant fears and Fed comments, the same risk-off driver that likely hit meal, though dated after the move. |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/grains-oilseeds-drop-on-broader-market-losses/

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