# More losses for corn, soybeans, wheat - Brownfield Ag News

> Soybeans fell sharply on fund and technical selling even as China and Mexico bought new-crop US beans. Rain forecasts for dry Midwest and Plains areas pushed corn lower, and soybean meal dropped with weaker vegetable oils, especially palm oil. Palm oil was pressured by slow Malaysian exports and expectations of higher output.

- Date: 2021-08-19 · published 2021-08-19T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/12607-more-losses-for-corn-soybeans-wheat-brownfield-ag-news
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Corn](https://feedsoft.ai/c/CORN.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Palm oil weakness spills over into soybean oil and meal, while rain reduces the weather premium in corn and soybeans. Continued export buying limits the downside for soybeans.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼
- CORN: bearish ▼
- PALMOIL: bearish ▼

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/more-losses-for-corn-soybeans-wheat-2/

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