# U.S. grains: Soy futures end down as traders eye Brazil weather - Manitoba Co-operator

> CBOT soybean futures ended lower on Tuesday after touching their highest level of the month, as traders weighed heat and dryness in northern and central Brazil. Wheat and corn futures advanced, and USDA reported a 198,000-ton U.S. soybean sale to unknown destinations.

- Date: 2023-12-12 · published 2023-12-12T12:00:00.000Z
- Category: market · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/32736-u-s-grains-soy-futures-end-down-as-traders-eye-brazil-weather-manitoba-co
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Brazil is the world's top soybean supplier, so yield doubts there support prices, but analysts said the cuts so far are too small to shift demand toward U.S. beans. Lower energy prices also weighed on soybean and soyoil futures.

## Read by commodity

- SBO: bearish ▼
- SOY: bearish ▼

## Sources

- manitobacooperator.ca: https://www.manitobacooperator.ca/daily/u-s-grains-soy-futures-end-down-as-traders-eye-brazil-weather/

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