# U.S. grains: Wheat falls on chart selling - Grainews

> U.S. grain futures fell Tuesday, with CBOT SRW wheat down about 1% and corn easing on chart-based selling and abundant global stocks. Soybeans edged higher for a seventh session on Argentine dryness. Informa trimmed its 2018 U.S. soybean and corn planting forecasts.

- Date: 2018-01-23 · published 2018-01-23T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/67011-u-s-grains-wheat-falls-on-chart-selling-grainews
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Wheat and corn weakness reflects ample global supplies and fund selling, while dry Argentine weather provides modest support for soymeal and soybeans.

## Read by commodity

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

## Sources

- grainews.ca: https://www.grainews.ca/daily/u-s-grains-wheat-falls-on-chart-selling/

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