# CBOT weekly outlook: Corn, soy sinking below major support - AgCanada

> Chicago corn and soybean futures softened in the week ended May 16 as rain in the US Midwest and Plains pressured prices, with July corn falling below $4 and soybeans just under $10 per bushel. Brazilian soybean prices fell below US levels while Brazilian corn held firm.

- Date: 2018-05-17 · published 2018-05-17T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/12670-cbot-weekly-outlook-corn-soy-sinking-below-major-support-agcanada
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Lower Brazilian soybean prices erode US export competitiveness, and heavy farm bin stocks add selling pressure on corn.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼

## Sources

- agcanada.com: https://www.agcanada.com/daily/cbot-weekly-outlook-corn-soy-sinking-below-major-support

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