# Corn and soybeans regain a little ground after sell-off - Markets - Business Recorder

> Chicago corn and soybean futures steadied after multi-week lows as forecasts of rain in Brazil and Argentina eased dry-weather concerns. Brazil's Conab expects a 166.05 million ton soybean crop and 119.74 million tons of corn, and wheat rose on expected lower Russian shipments and a downgraded French crop.

- Date: 2024-10-16 · published 2024-10-16T12:00:00.000Z
- Category: weather · region Global · magnitude low
- Page: https://feedsoft.ai/events/27881-corn-and-soybeans-regain-a-little-ground-after-sell-off-markets-business
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Improved South American rainfall and a record Brazil crop add supply comfort, while Russian export shortfalls and French crop cuts give wheat some support.

## Read by commodity

- SOY: neutral
- CORN: neutral
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2022-03-18 | [Soybeans rise on firm vegoils, Argentina crop concerns; corn steady - Markets - Business Recorder](https://feedsoft.ai/events/42293-soybeans-rise-on-firm-vegoils-argentina-crop-concerns-corn-steady-markets.md) | +0.0% | +6.2% |
| CORN | 2021-06-25 | [Corn, wheat, soy steady as US crop prospects assessed - Markets - Business Recorder](https://feedsoft.ai/events/46608-corn-wheat-soy-steady-as-us-crop-prospects-assessed-markets-business-recorder.md) | +5.6% | -5.6% |
| CORN | 2021-02-04 | [Argentina's corn and soy crops pull away from stricken 2018 harvest - Markets - Business Recorder](https://feedsoft.ai/events/48461-argentina-s-corn-and-soy-crops-pull-away-from-stricken-2018-harvest-markets.md) | -3.1% | -3.9% |
| CORN | 2025-02-18 | [Wheat eases from 4-month highs, soybean flat - Markets - Business Recorder](https://feedsoft.ai/events/26078-wheat-eases-from-4-month-highs-soybean-flat-markets-business-recorder.md) | -4.4% | -2.4% |
| CORN | 2021-09-04 | [Late-running French soft wheat harvest almost complete - Markets - Business Recorder](https://feedsoft.ai/events/45010-late-running-french-soft-wheat-harvest-almost-complete-markets-business-recorder.md) | -1.6% | -4.4% |
| SOY | 2021-06-25 | [Corn, wheat, soy steady as US crop prospects assessed - Markets - Business Recorder](https://feedsoft.ai/events/46608-corn-wheat-soy-steady-as-us-crop-prospects-assessed-markets-business-recorder.md) | +5.5% | +2.2% |
| SOY | 2021-02-04 | [Argentina's corn and soy crops pull away from stricken 2018 harvest - Markets - Business Recorder](https://feedsoft.ai/events/48461-argentina-s-corn-and-soy-crops-pull-away-from-stricken-2018-harvest-markets.md) | -1.3% | +3.2% |
| SOY | 2025-02-18 | [Wheat eases from 4-month highs, soybean flat - Markets - Business Recorder](https://feedsoft.ai/events/26078-wheat-eases-from-4-month-highs-soybean-flat-markets-business-recorder.md) | -0.7% | -2.0% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40327387

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