# Technicals hurt grain prices

> Grain markets closed lower on technical selling and harvest pressure, according to CHS Hedging. Prices also weakened as the dollar strengthened and equity and energy markets declined.

- Date: 2020-09-23 · published 2020-09-23T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/11766-technicals-hurt-grain-prices
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Harvest selling and a firmer dollar add downward pressure on grain prices, which favors buyers of feed grains in the near term. The move reflects routine market technicals rather than a change in supply.

## Read by commodity

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

## Sources

- agupdate.com: https://agupdate.com/iowafarmertoday/mwo/crop/article_28558700-fde3-11ea-bea9-93c5ca0bec86.html

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