# Corn gains ground as soybeans sell off - Brownfield Ag News

> Soybeans fell sharply on profit taking and technical selling, while corn rose on short covering amid Midwest weather concerns. Brazil's June soybean exports are projected at 9.44 million tons, and China's 2023/24 soybean import forecast was trimmed to 95.5 million tons.

- Date: 2023-07-06 · published 2023-07-06T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/35150-corn-gains-ground-as-soybeans-sell-off-brownfield-ag-news
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Brazil's export gains and lower Chinese import expectations weigh on US soybean demand, while Midwest dryness keeps corn supported.

## Read by commodity

- SBM: neutral
- SBO: bearish ▼
- SOY: bearish ▼
- CORN: bullish ▲

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/corn-gains-ground-as-soybeans-sell-off/

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