# Another round of losses in soybeans, corn, wheat - Brownfield Ag News

> Soybeans, soybean meal, soybean oil, corn and wheat all fell on fund and technical selling at month end. Traders cited Brazil's record soybean crop and expected large Brazilian safrinha corn output as offsets to Argentine drought losses.

- Date: 2023-02-28 · published 2023-02-28T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/37348-another-round-of-losses-in-soybeans-corn-wheat-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), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Expectations of a large Brazilian harvest offset Argentine shortfalls, pressuring soy complex and corn prices lower.

## Read by commodity

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

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/another-round-of-losses-in-soybeans-corn-wheat/

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