# U.S. grains: Soy, corn hit six-week lows on record crop prospects - Country Guide

> US soybean and corn futures fell to six-week lows on Monday on expectations of large US crops, with Pro Farmer projecting a record 4.683 billion bushel soybean crop above USDA's 4.586 billion. Fears of African swine fever in China reducing feed demand, including soymeal, added pressure, and CBOT wheat also declined for a sixth session.

- Date: 2018-08-27 · published 2018-08-27T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/63558-u-s-grains-soy-corn-hit-six-week-lows-on-record-crop-prospects-country-guide
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Larger expected US supplies and weaker Chinese feed demand point to lower prices for corn, soybeans and soymeal, which lowers feed input costs for buyers in the near term.

## Read by commodity

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

## Sources

- country-guide.ca: https://www.country-guide.ca/daily/u-s-grains-soy-corn-hit-six-week-lows-on-record-crop-prospects/
- manitobacooperator.ca: https://www.manitobacooperator.ca/daily/u-s-grains-soy-corn-hit-six-week-lows-on-record-crop-prospects/

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