# Soybeans down on commercial pressure - Brownfield Ag News

> Soybeans fell on commercial and technical selling as traders watched early Brazilian harvest delays and hot, dry forecasts for parts of Argentina. Ethanol futures fell after China's customs data showed sharp drops in DDGS imports, and wheat was mixed.

- Date: 2017-01-23 · published 2017-01-23T12:00:00.000Z
- Category: trade · region China · magnitude low
- Page: https://feedsoft.ai/events/73026-soybeans-down-on-commercial-pressure-brownfield-ag-news
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [DDGS](https://feedsoft.ai/c/DDGS.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Lower Chinese DDGS imports reduce demand for US co-products, which weighs on the feed ingredient market.

## Read by commodity

- SBM: neutral
- SOY: bearish ▼
- CORN: neutral
- DDGS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2019-04-05 | [Soybeans, corn down on lack of China deal - Brownfield Ag News](https://feedsoft.ai/events/59636-soybeans-corn-down-on-lack-of-china-deal-brownfield-ag-news.md) | -1.2% | -8.5% |
| SOY | 2018-06-25 | [Soybeans, corn down on trade tensions, weather - Brownfield Ag News](https://feedsoft.ai/events/8583-soybeans-corn-down-on-trade-tensions-weather-brownfield-ag-news.md) | -4.0% | -5.2% |
| SOY | 2019-08-23 | [Soybeans, corn sink on demand concerns - Brownfield Ag News](https://feedsoft.ai/events/57622-soybeans-corn-sink-on-demand-concerns-brownfield-ag-news.md) | +0.0% | +3.1% |
| SOY | 2023-05-17 | [Another down day for soybeans, corn, wheat - Brownfield Ag News](https://feedsoft.ai/events/5017-another-down-day-for-soybeans-corn-wheat-brownfield-ag-news.md) | -3.0% | +1.8% |
| SOY | 2016-07-19 | [Soybeans, corn, wheat give back gains - Brownfield Ag News](https://feedsoft.ai/events/7423-soybeans-corn-wheat-give-back-gains-brownfield-ag-news.md) | -8.8% | -5.1% |
| SBM | 2020-05-15 | [Soybeans down, despite demand from China - Brownfield Ag News](https://feedsoft.ai/events/53164-soybeans-down-despite-demand-from-china-brownfield-ag-news.md) | -0.9% | +1.3% |
| SBM | 2018-12-03 | [Soybeans, corn up, but off day's highs - Brownfield Ag News](https://feedsoft.ai/events/5834-soybeans-corn-up-but-off-day-s-highs-brownfield-ag-news.md) | -0.1% | +0.9% |
| SBM | 2020-08-14 | [Soybeans, corn post solid weekly gains - Brownfield Ag News](https://feedsoft.ai/events/10682-soybeans-corn-post-solid-weekly-gains-brownfield-ag-news.md) | +1.3% | +9.8% |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/soybeans-commercial-pressure/

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