# Soy, corn, wheat futures down ahead of USDA data, quarter's end | Financial Post

> US soybean and corn futures fell as traders liquidated positions ahead of USDA planting intentions and quarterly stocks reports. Wheat also declined amid a firmer dollar and broad commodity weakness, with the November soybean contract dropping below $12 a bushel.

- Date: 2021-03-30 · published 2021-03-30T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/12662-soy-corn-wheat-futures-down-ahead-of-usda-data-quarter-s-end-financial-post
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Pre-report position squaring is driving prices lower, but expectations for expanded US corn and soybean plantings and tight March 1 stocks could support prices once reports are released. Dollar strength is adding pressure to grain export competitiveness.

## Read by commodity

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

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SBO | 2021-03-29 | 5 | -8.3% | -3.0 | Broad liquidation in soy complex ahead of USDA reports and quarter-end, with a firmer dollar, weighed on prices at the end of the window. |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/soy-corn-wheat-futures-down-ahead-of-usda-data-quarters-end

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