# Soybeans, corn head for weekly losses on hopes for strong US supply - Markets - Business Recorder

> Chicago corn and soybean futures hovered near four-year lows on Friday and were set for weekly losses on improved US supply prospects. Wheat was near its lowest since 2020 but on track for a weekly gain on adverse weather in Europe and China.

- Date: 2024-08-02 · published 2024-08-02T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/12101-soybeans-corn-head-for-weekly-losses-on-hopes-for-strong-us-supply-markets
- 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

Expectations of ample US corn and soybean supplies keep downward pressure on feed grain prices, while European and Chinese weather offers limited support to wheat.

## Read by commodity

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

## Sources

- brecorder.com: https://www.brecorder.com/news/40315618

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