# Periodic Updates on the Grains, Livestock Futures Markets

> Early Wednesday trading showed December corn, November soybeans and December wheat lower, with soybeans turning negative after a new high in soybean meal. Traders cited rumors of new meal export business from the Gulf and a slowdown in Argentine crushing. Weekly ethanol output fell to 906,000 barrels per day and inventories rose to 20 million barrels.

- Date: 2020-09-23 · published 2020-09-23T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/11768-periodic-updates-on-the-grains-livestock-futures-markets
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Strong soybean meal demand from Gulf export rumors and reduced Argentine crush supports meal prices and redirects business to US origin. Corn and soybean weakness reflects a minor correction from overbought levels ahead of harvest.

## Read by commodity

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

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/news/article/2020/09/23/periodic-updates-grains-livestock-2

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