# A Brutal Week for Grains

> DTN's Todd Hultman reports a broadly bearish week for grains as of Thursday's close: December soybean meal hit a new 2018 low, December corn fell 17 3/4 cents, November soybeans fell 38 3/4 cents and December Chicago wheat fell 38 cents. He notes noncommercial traders were net long corn and wheat before the drop.

- Date: 2018-08-24 · published 2018-08-24T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/63600-a-brutal-week-for-grains
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Broad liquidation on expectations of two large U.S. harvests points to continued pressure on corn, soybean and meal prices heading into harvest.

## Read by commodity

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

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/news/article/2018/08/24/brutal-week-grains

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