# How Ugly Could the Selloff Get in the Grain Markets?

> Grains closed lower on fund selling after a weather-driven recovery rally faded within 48 hours. Corn and soybean crop ratings were high, with corn at 68% good to excellent and soybeans at 67%, and funds remain heavily short.

- Date: 2024-07-30 · published 2024-07-30T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/12106-how-ugly-could-the-selloff-get-in-the-grain-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

Fund short positions and high crop ratings point to continued pressure on corn and soybean prices unless weather turns threatening.

## Read by commodity

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

## Sources

- agweb.com: https://www.agweb.com/markets/market-analysis/how-ugly-could-selloff-get-grains-markets

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