# U.S. grains: Soy drops on South American harvest outlook - AgCanada

> US soybean futures fell to a six-day low on February 14, pressured by a rapidly advancing record Brazilian harvest and rains in Argentina. Corn and wheat also weakened from 7-1/2-month highs, though speculators' long positions limited losses. CBOT March soybeans closed down 9-1/4 cents at $10.45 a bushel.

- Date: 2017-02-14 · published 2017-02-14T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/72535-u-s-grains-soy-drops-on-south-american-harvest-outlook-agcanada
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Bumper South American harvests increase competition for US export business, which pressures soybean, corn and wheat prices. Recent rallies in grains leave room for further technical declines.

## Read by commodity

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

## Sources

- agcanada.com: https://www.agcanada.com/daily/u-s-grains-soy-drops-on-south-american-harvest-outlook

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