# U.S. grains: Soy down as supplies outweigh China demand - AgCanada

> U.S. soybean futures fell to three-week lows as improving South American crop prospects outweighed renewed Chinese demand. Corn also dropped to three-week lows on weaker ethanol demand concerns and rain forecasts for Brazil's dry corn areas, while wheat rebounded from one-week lows.

- Date: 2018-12-21 · published 2018-12-21T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/61591-u-s-grains-soy-down-as-supplies-outweigh-china-demand-agcanada
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Expanding Brazilian and Argentine supply prospects and a projected large U.S. carryout put downward pressure on soybean and corn prices despite Chinese buying.

## Read by commodity

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

## Sources

- agcanada.com: https://www.agcanada.com/daily/u-s-grains-soy-down-as-supplies-outweigh-china-demand

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