# Corn establishes new contract lows - Brownfield Ag News

> CBOT corn fell to new contract lows on broader market losses, coronavirus concerns and weak export sales and shipments. Argentina suspended its export registry, and soybean meal received support while Argentina's president was expected to announce higher export taxes.

- Date: 2020-02-28 · published 2020-02-28T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/54623-corn-establishes-new-contract-lows-brownfield-ag-news
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Bearish corn export numbers and falling broader markets pressure corn, while Argentina's export disruption and possible tax increases support soybean meal prices as Argentina is the largest meal exporter.

## Read by commodity

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

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/news/corn-establishes-new-contract-lows/

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