# Soybeans, corn down on concerns about demand from China - Brownfield Ag News

> Soybeans and corn fell sharply on fund and technical selling, with soybean oil down after a technical reversal. China's economic slowdown, Golden Week holidays and COVID lockdowns raised demand concerns. USDA data showed a record March soybean crush of 193 million bushels.

- Date: 2022-05-02 · published 2022-05-02T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/5840-soybeans-corn-down-on-concerns-about-demand-from-china-brownfield-ag-news
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Slowing Chinese demand and COVID-related port delays weigh on export expectations, while record domestic crush supports soybean meal balances. Price direction is mixed between demand fears and strong fundamentals.

## Read by commodity

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

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| CORN | 2022-05-02 | 1 | -7.7% | -5.8 | Reports corn falling sharply on May 2 on fund and technical selling plus China demand concerns (lockdowns, economic slowdown), which are sentiment and demand drivers. |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/soybeans-corn-down-on-concerns-about-demand-from-china/

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