# Soybeans, corn down, watching weather - Brownfield Ag News

> Soybeans and corn both closed modestly lower on fund and technical selling in thin trade. Rain delayed harvest in some US areas, and parts of Brazil remain dry, with Mato Grosso's soybean planting drawing attention. Iran reportedly passed on a tender for South American soybean meal, and traders were awaiting Thursday's USDA report.

- Date: 2017-10-09 · published 2017-10-09T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/68307-soybeans-corn-down-watching-weather-brownfield-ag-news
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Routine fund selling pushed prices lower, but delayed Brazilian planting in Mato Grosso could slow the second corn crop and tighten supplies later. Feed buyers should watch the USDA report and Brazil's planting pace for any change in direction.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/soybeans-corn-watching-weather-4/

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