# Soybeans back down from recent highs - Brownfield Ag News

> Soybeans fell on profit taking after recent multi-week highs, while meal and oil followed lower. Corn rose on commercial and technical buying, and wheat gained on short covering, with U.S. planting moving slightly ahead of average.

- Date: 2017-04-25 · published 2017-04-25T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/71530-soybeans-back-down-from-recent-highs-brownfield-ag-news
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

This is routine market commentary with no new fundamental driver, so the moves reflect technical positioning rather than a change in supply or demand.

## Read by commodity

- SBM: bearish ▼
- SBO: bearish ▼
- SOY: bearish ▼
- CORN: bullish ▲
- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/soybeans-back-recent-highs/

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