# AgriMarketing.com - Grain Prices Hitting Lowest Levels Since 2020

> Bloomberg's Grains Subindex fell 17% in 2024 to its lowest since December 2020, while speculators built record-size net short positions in Chicago corn and soybeans. Tropical Storm Beryl was expected to bring Midwest rains that could aid crop development.

- Date: 2024-07-10 · published 2024-07-10T12:00:00.000Z
- Category: market · region US · magnitude medium
- Page: https://feedsoft.ai/events/4454-agrimarketing-com-grain-prices-hitting-lowest-levels-since-2020
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Heavy fund short positioning and favorable weather expectations point to continued downward price pressure on corn and soybeans, though a short-covering rally remains possible.

## Read by commodity

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

## Sources

- agriculture.com: https://www.agriculture.com/grain-prices-hitting-lowest-levels-since-2020-8675761
- agrimarketing.com: https://www.agrimarketing.com/s/150319

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