# Soybeans down on profit taking, lower bean meal - Brownfield Ag News

> Soybeans fell modestly on profit taking and technical selling, with soybean meal lower and bean oil higher on product spread adjustments. Weekly export sales were lower than expected, and the trade is watching dry parts of Argentina and La Nina conditions expected through the Southern Hemisphere summer. Corn and wheat edged higher on short covering and commercial buying.

- Date: 2018-01-26 · published 2018-01-26T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/67051-soybeans-down-on-profit-taking-lower-bean-meal-brownfield-ag-news
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Weak export sales and lower meal prices point to softer near-term soybean demand, while Brazil's large 2017 share of China's imports keeps competition for U.S. beans high. Dry weather in Argentina is the main upside risk to soy and meal prices.

## Read by commodity

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

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/173004/

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