# Markets take a hard hit | VIC

> U.S. grain futures for wheat, corn and soybeans fell sharply in the week after rallying on drought fears. The declines began when forecasts turned benign and rainfall beat expectations, and speculative selling deepened the drop.

- Date: 2016-07-12 · published 2016-07-12T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/7418-markets-take-a-hard-hit-vic
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Weather-driven fund liquidation is pushing feed grain and meal prices lower, which eases near-term feed costs.

## Read by commodity

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

## Sources

- stockandland.com.au: https://www.stockandland.com.au/story/4027092/markets-take-a-hard-hit/

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