# Will Soybean, Corn, and Wheat Prices Continue to Slide?

> Barchart analyst Darin Newsom discusses the recent slide in soybean, corn and wheat prices, attributing it to commercial selling, basis weakness and limited cash demand ahead of harvest. He also touches on weather, cattle, hogs and interest rates.

- Date: 2023-08-31 · published 2023-08-31T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/34586-will-soybean-corn-and-wheat-prices-continue-to-slide
- 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 basis and thin cash demand signal soft near-term grain prices, which benefits feed buyers purchasing into harvest.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- WHEAT: bearish ▼

## Sources

- barchart.com: https://www.barchart.com/story/news/19878792/will-soybean-corn-and-wheat-prices-continue-to-slide

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