# Weak Asian markets take soybeans lower

> Soybean futures in Chicago followed weaker Asian markets lower, with soybean oil and palm oil losses weighing on the complex. Corn hit new contract lows while wheat rose on short covering.

- Date: 2017-11-29 · published 2017-11-29T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/68019-weak-asian-markets-take-soybeans-lower
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Lower vegetable oil and palm oil prices pull soybean complex values down, a routine price move without a new fundamental driver.

## Read by commodity

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

## Sources

- farmprogress.com: https://www.farmprogress.com/marketing/weak-asian-markets-take-soybeans-lower

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