# Wheat remains in freefall - Brownfield Ag News

> Wheat fell in freefall as slow export demand weighed, while corn dropped on fund and technical selling. Brazil's record soybean harvest is nearly complete, with USDA's Brazil attaché projecting a larger 2023/24 crop of 159 million tons.

- Date: 2023-04-26 · published 2023-04-26T12:00:00.000Z
- Category: market · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/36448-wheat-remains-in-freefall-brownfield-ag-news
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Brazil's record soy supply and weak export demand are bearish for soybean meal and oilseed values. Corn and wheat weakness reflects fund liquidation and ample supply.

## Read by commodity

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

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/wheat-remains-in-freefall/

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