# U.S. grains: Soybeans follow veg oils lower - Grainews

> Chicago soybean futures slid on Friday as soyoil declined and funds squared positions ahead of USDA grain stocks and planting reports. Corn and wheat recovered from prior losses but ended the week lower, with the May soyoil contract dropping to a 2.5-week low.

- Date: 2021-03-27 · published 2021-03-27T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/12667-u-s-grains-soybeans-follow-veg-oils-lower-grainews
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Soyoil weakness and fund liquidation drive near-term soybean declines, while analysts expect the USDA reports to set the next directional move for corn and soybeans. Strong biodiesel demand provides underlying support for soyoil.

## Read by commodity

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

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SBO | 2021-03-29 | 5 | -8.3% | -3.0 | Soyoil slid to a 2.5-week low as funds squared positions ahead of USDA reports, showing the position-liquidation mechanism. |
| SBO | 2021-03-29 | 1 | -5.2% | -4.0 | Reports funds squaring positions ahead of USDA reports and May soyoil dropping to a 2.5-week low, consistent with liquidation pressure. |

## Sources

- grainews.ca: https://www.grainews.ca/daily/u-s-grains-soybeans-follow-veg-oils-lower/

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