# Corn, soybeans down after USDA numbers - Brownfield Ag News

> Soybeans closed lower on commercial and technical selling after the USDA report, and soymeal and soyoil followed. Corn also finished the week lower after a bearish reaction to the USDA numbers. Traders are now watching US-China trade relations and crop weather.

- Date: 2020-07-10 · published 2020-07-10T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/52078-corn-soybeans-down-after-usda-numbers-brownfield-ag-news
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Lower soy complex prices reduce feed protein costs for buyers in the short term. Hot, dry weather forecasts in key US growing areas could reverse the move.

## Read by commodity

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

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SBM | 2020-07-12 | 1 | -2.6% | -3.7 | Soybeans closed lower on commercial and technical selling after the USDA report and soymeal followed, a direct sentiment-driven decline in meal in the days around the move. |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/corn-soybeans-down-after-usda-numbers/

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