# Afternoon Market Recap for Feb. 2, 2021 - Morrow County Grain Growers

> Corn, soybeans and wheat fell on Feb. 2, 2021 as technical selling and profit-taking followed January's multiyear highs. Corn dropped more than 1% despite another large flash sale, soybeans sagged about 0.8%, and most wheat contracts lost nearly 1%.

- Date: 2021-02-02 · published 2021-02-02T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/5822-afternoon-market-recap-for-feb-2-2021-morrow-county-grain-growers
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Profit-taking after a rally trims near-term price levels, while continued flash sales support demand; buyers may see softer grain costs in the short run.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- WHEAT: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| WHEAT | 2021-02-05 | 5 | -6.7% | -3.6 | Feb 2 technical selling and profit-taking after January multiyear highs pushed wheat down nearly 1%, adding to the week's loss. |

## Sources

- mcgg.net: https://mcgg.net/story-afternoon-market-recap-feb-2-2021-22-210621

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