# Wheat hits new lows on slow demand - Brownfield Ag News

> Soybeans, soybean meal, soybean oil and corn all closed lower on fund and technical selling. Traders are awaiting further US-China trade talks and watching South American crop conditions, with Brazil's soybean harvest about 35% complete.

- Date: 2019-02-19 · published 2019-02-19T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/60641-wheat-hits-new-lows-on-slow-demand-brownfield-ag-news
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Lower soybean complex and corn futures reduce feed ingredient costs in the near term, though trade talks and South American weather could reverse the move quickly.

## Read by commodity

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

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/wheat-hits-new-lows-on-slow-demand/

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