# U.S. grains tumble as farmers weigh whether to store or sell | Air Freight News

> US grain futures fell as farmers weighed selling harvested grain now or storing it. Corn settled at $5.73 a bushel, 22% below its May eight-year high, while Chicago wheat dropped from near-decade highs. China's push for winter food security raised doubts about its demand for US corn and soy.

- Date: 2021-11-02 · published 2021-11-02T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/44072-u-s-grains-tumble-as-farmers-weigh-whether-to-store-or-sell-air-freight-news
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Weaker Chinese import appetite combined with harvest selling pressure weighs on corn and soybean prices, while soymeal strength partly offsets this.

## Read by commodity

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

## Sources

- airfreight.news: https://airfreight.news/articles/full/u.s-grains-tumble-as-farmers-weigh-whether-to-store-or-sell

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