# Corn, soybeans lower, despite weather issues - Brownfield Ag News

> US soybeans and corn fell on profit taking and technical selling as of May 8, 2017. Planting was behind last year and the five-year average, with 14% of soybeans and 47% of corn planted. China reportedly bought more than 8 million tonnes of soybeans in April, a record for the month, and weekly export inspections were bullish.

- Date: 2017-05-08 · published 2017-05-08T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/70955-corn-soybeans-lower-despite-weather-issues-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), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Routine price commentary with a strong China purchase offering underlying support, but the moves mainly reflect technical selling rather than a new supply shock.

## Read by commodity

- SBM: neutral
- SOY: neutral
- CORN: neutral
- WHEAT: neutral

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/corn-soybeans-lower-despite-weather-issues/

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