# Fund liquidation pushes soybeans sharply lower - Brownfield Ag News

> Soybeans and soybean meal and oil fell sharply on fund and technical selling. Harvest is underway with minor delays, and US export sales are lagging USDA projections, while China's August soybean imports from Brazil rose 45% year on year. Corn also fell on fund selling, with weekly export numbers weaker as Brazil and Ukraine take market share.

- Date: 2023-09-21 · published 2023-09-21T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/34136-fund-liquidation-pushes-soybeans-sharply-lower-brownfield-ag-news
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Fund liquidation and weak US export pace push prices lower, though a tight USDA supply outlook limits the downside if yields are cut.

## Read by commodity

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

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/fund-liquidation-pushes-soybeans-sharply-lower/

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