# MERCANTILE Blog: MarketInsight May 29, 2017 | Mercantile Consulting

> A May 29 market commentary describes grain and oilseed markets as bearish after benign North American weather, with the IGC raising 2016/17 world grain forecasts and lowering 2017/18 production only slightly. Speculative funds sold oilseeds and reduced grain shorts, and soybean prices were sliding.

- Date: 2017-05-29 · published 2017-05-29T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/71113-mercantile-blog-marketinsight-may-29-2017-mercantile-consulting
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Ample supply expectations and fund selling point to continued downward pressure on oilseeds and grains, with sales opportunities on bullish blips.

## Read by commodity

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

## Sources

- mercantileventure.com: https://mercantileventure.com/mercantile-blog-marketinsight-may-29-2017/

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