# Corn down on profit taking, crop condition - Brownfield Ag News

> Corn and wheat closed lower on profit taking, with 72% of US corn rated good to excellent. Soybeans rose on short covering, and no public progress was reported in US-China tariff talks as USDA announced a $12 billion farm aid package.

- Date: 2018-07-24 · published 2018-07-24T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/6568-corn-down-on-profit-taking-crop-condition-brownfield-ag-news
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Good crop ratings add supply expectations that pressure corn, while unresolved China tariffs keep soybean demand uncertain and limit price recovery.

## Read by commodity

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

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/corn-down-on-profit-taking-crop-condition/

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