# Corn continues to drift downward - Brownfield Ag News

> Soybeans were mostly lower on spread adjustments while corn drifted down on fund and technical selling, with the trade watching Midwest development weather. No new Chinese export sales were announced despite rumors of Chinese return, and EIA data showed US ethanol output well below 2019 levels.

- Date: 2020-07-29 · published 2020-07-29T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/52157-corn-continues-to-drift-downward-brownfield-ag-news
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Absent new export sales and with a large crop expected, corn and soybean prices lack upward momentum, though weather risks and China's needs for beans remain supportive.

## Read by commodity

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

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/corn-continues-to-drift-downward/

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