# Supply pressure sends soybeans, corn lower - Brownfield Ag News

> Soybeans and corn fell on speculative and technical selling, with forecasts of more Midwest rain and a possible freeze in the north. South American harvest conditions look good and U.S. planted soybean area is expected to set a record. Wheat was mixed, with Northern Plains and Canadian weather slowing spring wheat planting.

- Date: 2017-04-26 · published 2017-04-26T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/71570-supply-pressure-sends-soybeans-corn-lower-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), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Ample South American supply and expected record U.S. acreage weigh on soy and corn prices, while weather delays and a possible freeze are the main upside risk for corn planting and wheat.

## Read by commodity

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

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/supply-pressure-sends-soybeans-corn-lower-2/

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