# U.S. grains: Soybeans slide on disappointing US export data; corn also down - AgCanada

> CBOT soybean futures fell about 1.5% on Feb 1, 2024 after disappointing weekly US export sales of 164,500 metric tons, the lowest of the 2023/24 marketing year. Strong competition from Brazil's expanding harvest and economic weakness in China also weighed on demand, while corn sagged in sympathy and wheat rose.

- Date: 2024-02-01 · published 2024-02-01T12:00:00.000Z
- Category: trade · region US · magnitude low
- Page: https://feedsoft.ai/events/31703-u-s-grains-soybeans-slide-on-disappointing-us-export-data-corn-also-down
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Weak US export demand and Brazilian competition keep soybean and soymeal export prices under pressure, while China's slow buying limits recovery.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2024-01-25 | [U.S. grains: Soybean, soyoil futures slide on weak demand - AgCanada](https://feedsoft.ai/events/6835-u-s-grains-soybean-soyoil-futures-slide-on-weak-demand-agcanada.md) | -1.5% | -7.5% |
| SOY | 2018-02-01 | [U.S. grains: Soybeans fall on weak exports, bumper Brazil harvest - AgCanada](https://feedsoft.ai/events/66531-u-s-grains-soybeans-fall-on-weak-exports-bumper-brazil-harvest-agcanada.md) | -1.3% | +6.2% |
| SOY | 2025-07-25 | [U.S. grains: Chicago wheat futures dip on global supply pressure; corn, soybeans fall - AgCanada](https://feedsoft.ai/events/23793-u-s-grains-chicago-wheat-futures-dip-on-global-supply-pressure-corn-soybeans.md) | -4.2% | +3.0% |
| SOY | 2018-06-13 | [U.S. grains: CBOT wheat, soybeans post sharp losses - AgCanada](https://feedsoft.ai/events/8249-u-s-grains-cbot-wheat-soybeans-post-sharp-losses-agcanada.md) | -6.8% | -13.0% |
| SOY | 2018-01-16 | [USDA Trade Data Update: Focus on Soybeans and Grains - Farm Policy News](https://feedsoft.ai/events/9200-usda-trade-data-update-focus-on-soybeans-and-grains-farm-policy-news.md) | +4.3% | +6.1% |
| CORN | 2025-07-25 | [U.S. grains: Chicago wheat futures dip on global supply pressure; corn, soybeans fall - AgCanada](https://feedsoft.ai/events/23793-u-s-grains-chicago-wheat-futures-dip-on-global-supply-pressure-corn-soybeans.md) | +0.8% | +0.1% |
| CORN | 2017-10-18 | [U.S. grains: Wheat down on weak export demand - Country Guide](https://feedsoft.ai/events/68498-u-s-grains-wheat-down-on-weak-export-demand-country-guide.md) | +0.4% | -5.9% |
| CORN | 2016-11-18 | [U.S. grain exports slide after Trump win batters peso - AgCanada](https://feedsoft.ai/events/11923-u-s-grain-exports-slide-after-trump-win-batters-peso-agcanada.md) | +2.1% | +4.0% |

## Sources

- agcanada.com: https://www.agcanada.com/daily/u-s-grains-soybeans-slide-on-disappointing-us-export-data-corn-also-down

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