# Downward drift continues for corn, soybeans, wheat - Brownfield Ag News

> Soybeans fell for a third session on fund and technical selling as African Swine Fever reduces Chinese demand, with a Chinese firm projecting lower imports through June. Statistics Canada cut soybean and canola acreage, and corn set a new low on the July contract.

- Date: 2019-04-24 · published 2019-04-24T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/59625-downward-drift-continues-for-corn-soybeans-wheat-brownfield-ag-news
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Corn](https://feedsoft.ai/c/CORN.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Weaker Chinese import demand from ASF and lower Canadian acreage add bearish pressure on soybean complex and the feed-meal values.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼
- CORN: bearish ▼
- CANMEAL: bearish ▼

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/downward-drift-continues-for-corn-soybeans-wheat/

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