# Soybeans, corn, wheat down on profit taking - Brownfield Ag News

> Soybeans, corn and wheat fell on profit taking and technical selling, though soybeans and corn remained up on the week. Brazil's August soybean exports topped 8 million tonnes, and two Argentine crush unions reached an agreement that averted a strike.

- Date: 2024-09-06 · published 2024-09-06T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/13900-soybeans-corn-wheat-down-on-profit-taking-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), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Routine profit taking pressured prices, while the large expected South American soybean crop weighs on soymeal and soyoil. Market direction is mostly driven by technical moves rather than new supply changes.

## Read by commodity

- SBM: bearish ▼
- SBO: bearish ▼
- SOY: bearish ▼
- CORN: bearish ▼
- WHEAT: bearish ▼

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/soybeans-corn-wheat-down-on-profit-taking/

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