# Soybeans, corn down watching South America - Brownfield Ag News

> Soybeans and corn closed lower on commercial and technical selling, with good South American weather. Soybean meal fell while bean oil rose, and US October soybean crush reached 176 million bushels, up 6 million year on year. Wheat was mixed, with Japan buying 92,000 tons of US wheat and 66,000 tons from Canada.

- Date: 2016-12-01 · published 2016-12-01T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/73567-soybeans-corn-down-watching-south-america-brownfield-ag-news
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Soybean meal weakness relative to oil reflects a bearish meal outlook, while strong crush supports meal output; good South American conditions limit upside for grains.

## Read by commodity

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

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/soybeans-corn-watching-south-america/

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