# Grains Market Overview 29.01.2021

> On Jan. 28, 2021, CBOT SRW wheat and soybean futures dropped significantly while Chicago corn rose slightly on Chinese support. Wheat and rapeseed prices fell in Paris.

- Date: 2021-01-29 · published 2021-01-29T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/5829-grains-market-overview-29-01-2021
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Broad declines in wheat and soybeans reflect softer near-term prices, while firmer corn on Chinese buying supports feed grain costs.

## Read by commodity

- SOY: bearish ▼
- CORN: bullish ▲
- WHEAT: bearish ▼
- CANMEAL: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| WHEAT | 2021-02-01 | 1 | -6.3% | -5.8 | CBOT SRW wheat dropped sharply on Jan. 28 while corn held up, signaling the start of wheat-specific liquidation and sentiment weakness that carried into the Feb. 1 selloff. |

## Sources

- grainsprices.com: https://grainsprices.com/article/15990

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