# GRAINS-Soybeans fall as harvest pressure fills bulls' void By Reuters

> Chicago soybean futures fell sharply on Monday as harvest pressure weighed on the market, with the most-active contract down 31-3/4 cents to $10.33-3/4 a bushel. Corn followed lower while wheat edged up on dryness across the U.S. Great Plains. Trading was thin with the U.S. bond market and federal agencies closed for Columbus Day and no flash export sales reported.

- Date: 2020-10-12 · published 2020-10-12T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/11784-grains-soybeans-fall-as-harvest-pressure-fills-bulls-void-by-reuters
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Heavy farmer selling and full elevators add near-term downward pressure on US soybean and corn cash prices. Traders were waiting for export sales to support prices.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SOY | 2020-10-11 | 1 | -3.0% | -3.2 | Reuters reports Chicago soybeans fell 31-3/4 cents on Monday Oct 12 on harvest pressure in thin holiday trading, which is the move itself (about -3%). |

## Sources

- in.investing.com: https://in.investing.com/news/update-2grainssoybeans-fall-as-harvest-pressure-fills-bulls-void-2460686

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