# U.S. grains: Corn sinks to contract lows - AgCanada

> US corn futures fell to new contract lows for a third straight day after weekly export sales came in below trade estimates, with December corn at $3.36-1/2. Soybeans also declined on disappointing export sales and improving Brazilian crop weather.

- Date: 2017-11-17 · published 2017-11-17T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/68011-u-s-grains-corn-sinks-to-contract-lows-agcanada
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Weak export demand and abundant US supplies, plus competition from South American shipments, point to continued pressure on corn and soybean prices and cheaper feed ingredients for buyers.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼

## Sources

- agcanada.com: https://www.agcanada.com/daily/u-s-grains-corn-sinks-to-contract-lows

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