# U.S. grains: Wheat, soy, corn fall sharply on fund selling - Grainews

> Chicago soybean, corn and wheat futures plunged on Monday as fresh coronavirus lockdown concerns triggered a global risk-off move. Wheat fell 3.7 percent, its biggest daily drop since August 2019, and soybeans settled down 2.1 percent despite a USDA report of a 132,000-tonne private sale to China. Analysts said funds were heavily long soybeans and liquidated positions while investors sought the U.S. dollar.

- Date: 2020-09-21 · published 2020-09-21T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/11765-u-s-grains-wheat-soy-corn-fall-sharply-on-fund-selling-grainews
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Broad risk aversion and fund liquidation pushed grain prices lower, and a stronger dollar makes US exports less competitive. Buyers of feed grains and meal may see softer near-term prices, though the drop was driven by sentiment rather than a change in supply.

## Read by commodity

- DXY: bullish ▲
- SOY: bearish ▼
- CORN: bearish ▼
- WHEAT: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| CORN | 2020-09-21 | 1 | -1.8% | -3.1 | Directly explains the 2020-09-21 drop: a global risk-off move on fresh lockdown fears and heavy fund liquidation sent corn, soybeans and wheat sharply lower. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2017-10-27 | [U.S. grains: Wheat futures sink as dollar rallies - Grainews](https://feedsoft.ai/events/68496-u-s-grains-wheat-futures-sink-as-dollar-rallies-grainews.md) | -4.0% | -5.9% |
| WHEAT | 2020-03-06 | [U.S. grains: Corn, soy, wheat slide with financial markets - Manitoba Co-operator](https://feedsoft.ai/events/7989-u-s-grains-corn-soy-wheat-slide-with-financial-markets-manitoba-co-operator.md) | +5.7% | -2.5% |
| WHEAT | 2026-06-01 | [Corn, Wheat Continue to Fall with Crude Oil: Soybeans and Cattle Rally](https://feedsoft.ai/events/19274-corn-wheat-continue-to-fall-with-crude-oil-soybeans-and-cattle-rally.md) | -2.6% | -1.5% |
| WHEAT | 2020-06-05 | [GRAINS-Wheat falls as dollar bounces; soy firms on export business — Spot On Oklahoma](https://feedsoft.ai/events/9494-grains-wheat-falls-as-dollar-bounces-soy-firms-on-export-business-spot-on.md) | -0.7% | +0.6% |
| WHEAT | 2024-11-06 | [Wheat, corn and soy fall as market anticipates Trump win - Markets - Business Recorder](https://feedsoft.ai/events/10552-wheat-corn-and-soy-fall-as-market-anticipates-trump-win-markets-business.md) | -0.9% | -2.0% |
| SOY | 2016-06-24 | [U.S. grains: Soy, corn drop on Brexit fallout - Grainews](https://feedsoft.ai/events/11728-u-s-grains-soy-corn-drop-on-brexit-fallout-grainews.md) | +4.5% | -10.5% |
| SOY | 2020-03-06 | [U.S. grains: Corn, soy, wheat slide with financial markets - Manitoba Co-operator](https://feedsoft.ai/events/7989-u-s-grains-corn-soy-wheat-slide-with-financial-markets-manitoba-co-operator.md) | -3.8% | -3.4% |
| SOY | 2022-12-15 | [U.S. soybean futures fall; corn, wheat firm with focus on economy \| Reuters](https://feedsoft.ai/events/5520-u-s-soybean-futures-fall-corn-wheat-firm-with-focus-on-economy-reuters.md) | -0.1% | +3.8% |

## Sources

- grainews.ca: https://www.grainews.ca/daily/u-s-grains-wheat-soy-corn-fall-sharply-on-fund-selling/

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