# Profit taking sends soybeans sharply lower - Brownfield Ag News

> Soybean futures fell sharply on profit taking and technical selling, though most months held support. Weekly old-crop export sales dropped below half a million tons, while new-crop sales stayed strong, and Argentina and Brazil face dryness and harvest delays.

- Date: 2021-01-28 · published 2021-01-28T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/49188-profit-taking-sends-soybeans-sharply-lower-brownfield-ag-news
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Routine profit taking pulled prices lower, but tight supply and talk of U.S. imports limit the downside for soybeans and soybean meal.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/profit-taking-sends-soybeans-sharply-lower/

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