# Bearish August for Grain Futures: Corn Down, Soybeans Up, and Wheat Takes a Hit - IASG

> Commentary reviews August grain futures, where corn fell about 6% and wheat fell 10-13% to lows since December 2020, while soybeans rose about 4%. The article attributes the moves to June acreage shifts, the August WASDE yield cut for soybeans and strong Chinese crush.

- Date: 2023-09-05 · published 2023-09-05T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/34160-bearish-august-for-grain-futures-corn-down-soybeans-up-and-wheat-takes-a-hit
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Routine recap of price moves, though the soybean balance sheet tightening and Chinese crush demand underpin soybean meal and oil values for feed buyers.

## Read by commodity

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

## Sources

- iasg.com: https://www.iasg.com/blog/2023/09/05/bearish-august-for-grain-futures-corn-down-soybeans-up-and-wheat-takes-a-hit

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