# Soybeans down 18-22 cents; wheat down 8-10 cents; corn down 5-8 cents - Markets - Business Recorder

> CBOT wheat slid overnight after the prior session's gains on higher Chinese demand for US wheat. The USDA raised its forecast of China's 2020/21 wheat imports to 10.5 million tonnes and cut global wheat stocks. Corn and soybeans also fell in early trade.

- Date: 2021-03-10 · published 2021-03-10T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/7081-soybeans-down-18-22-cents-wheat-down-8-10-cents-corn-down-5-8-cents-markets
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Routine opening-bid moves largely reflect a pullback after Tuesday's gains, with the USDA import upgrade limiting losses. The price implication is modestly bearish for near-term grain bids.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- WHEAT: bearish ▼

## Sources

- brecorder.com: https://www.brecorder.com/news/40072228

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