# CBOT weekly outlook: Corn, soybeans under pressure - Grainews

> CBOT corn and soybeans were under pressure in early February as traders watched the coronavirus outbreak's effect on demand. China released three million tonnes of corn from state reserves and ordered 10 soybean cargoes from South America, while South American corn and soybean crops were growing larger.

- Date: 2020-02-05 · published 2020-02-05T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/54626-cbot-weekly-outlook-corn-soybeans-under-pressure-grainews
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

China's reserve corn release and purchases of South American soybeans reduce demand for U.S. grains, and larger South American crops add further bearish pressure on corn and soybean futures.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼

## Sources

- grainews.ca: https://www.grainews.ca/daily/cbot-weekly-outlook-corn-soybeans-under-pressure/

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