# Why are markets pulling back today?

> Stocks and grain futures pulled back as traders took profits ahead of the Thanksgiving holiday. Liquidation in December contracts ahead of Friday's options expiration pushed wheat and corn toward major strike prices.

- Date: 2016-11-23 · published 2016-11-23T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/11919-why-are-markets-pulling-back-today
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Profit-taking and option-expiry liquidation add short-term downside pressure to corn and wheat without any change in fundamentals.

## Read by commodity

- CORN: bearish ▼
- WHEAT: bearish ▼

## Sources

- farmprogress.com: https://www.farmprogress.com/soybean/why-are-markets-pulling-back-today-

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