# Soybeans, corn down, expecting record crops - Brownfield Ag News

> Soybeans and corn fell on commercial and technical selling after the USDA projected record crops. The International Grains Council raised its 2016/17 soybean and corn production estimates, and wheat also declined on large supplies.

- Date: 2016-08-25 · published 2016-08-25T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/12395-soybeans-corn-down-expecting-record-crops-brownfield-ag-news
- Commodities: [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

Record production forecasts from USDA and IGC point to ample supplies, which weighs on prices for soybeans, corn and wheat.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2019-03-08 | [Soybeans, corn down after supply and demand report - Brownfield Ag News](https://feedsoft.ai/events/60038-soybeans-corn-down-after-supply-and-demand-report-brownfield-ag-news.md) | -0.1% | +1.8% |
| SOY | 2017-03-29 | [Soybeans down, corn up after USDA numbers - Brownfield Ag News](https://feedsoft.ai/events/72023-soybeans-down-corn-up-after-usda-numbers-brownfield-ag-news.md) | -3.5% | -2.7% |
| SOY | 2021-09-30 | [Soybeans down, corn mixed after USDA numbers - Brownfield Ag News](https://feedsoft.ai/events/45109-soybeans-down-corn-mixed-after-usda-numbers-brownfield-ag-news.md) | -3.3% | -3.5% |
| SOY | 2017-05-10 | [Corn up, soybeans down, back to watching planting weather - Brownfield Ag News](https://feedsoft.ai/events/71029-corn-up-soybeans-down-back-to-watching-planting-weather-brownfield-ag-news.md) | +1.1% | -3.6% |
| SOY | 2018-08-10 | [USDA raises new crop U.S. corn, soybean ending stocks - Brownfield Ag News](https://feedsoft.ai/events/63479-usda-raises-new-crop-u-s-corn-soybean-ending-stocks-brownfield-ag-news.md) | -0.3% | -6.3% |
| CORN | 2017-09-07 | [Brazil expecting record corn production - Brownfield Ag News](https://feedsoft.ai/events/68798-brazil-expecting-record-corn-production-brownfield-ag-news.md) | -1.8% | +3.2% |
| CORN | 2019-03-08 | [Soybeans, corn down after supply and demand report - Brownfield Ag News](https://feedsoft.ai/events/60038-soybeans-corn-down-after-supply-and-demand-report-brownfield-ag-news.md) | +0.8% | +0.8% |
| CORN | 2019-03-12 | [Brazil raises corn crop estimate, cuts soybeans - Brownfield Ag News](https://feedsoft.ai/events/59926-brazil-raises-corn-crop-estimate-cuts-soybeans-brownfield-ag-news.md) | +5.0% | -0.3% |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/soybeans-corn-expecting-record-crops/

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