# Soybeans, corn pressured by USDA numbers - Brownfield Ag News

> Soybeans and corn closed lower on speculative and technical selling after USDA's November report. December corn hit a new contract low, and China's October soybean imports reached a monthly record of 5.86 million tons.

- Date: 2017-11-09 · published 2017-11-09T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/67935-soybeans-corn-pressured-by-usda-numbers-brownfield-ag-news
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Bearish USDA production numbers and heavy selling pressure weigh on prices, while record Chinese imports provide some demand support for soybeans.

## Read by commodity

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

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/soybeans-corn-pressured-usda-numbers-2/

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