# Soybeans continue to fall, wheat bounces - Brownfield Ag News

> Soybean futures fell on fund and technical selling, though most contracts closed above session lows. USDA rated 67% of US soybeans good to excellent, and corn at 68% good to excellent, with most of the crop past pollination.

- Date: 2024-07-29 · published 2024-07-29T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/29287-soybeans-continue-to-fall-wheat-bounces-brownfield-ag-news
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Solid US crop ratings and fund selling point to ample supply and softer soybean and soymeal prices, while corn's weather risk is viewed as limited.

## Read by commodity

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

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/corn-continues-to-drift-lower-soybeans-bounce/
- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/soybeans-continue-to-fall-wheat-bounces/

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