# Correction continues for corn, soybeans, wheat - Brownfield Ag News

> Soybeans, corn and wheat finished lower on spread trading and profit taking, though soybean oil and some nearby contracts posted limit-up moves. Russia is reportedly considering a 20% soybean export tax from July 1, with a $100/ton minimum, and Brazil's soybean FOB prices moved lower as harvest wound down.

- Date: 2021-04-29 · published 2021-04-29T12:00:00.000Z
- Category: policy · region Global · magnitude high
- Page: https://feedsoft.ai/events/7705-correction-continues-for-corn-soybeans-wheat-brownfield-ag-news
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

A proposed Russian soybean export tax would tighten global oilseed flows and support meal and oil values. Tight new-crop US stocks and planting delays also underpin prices despite the daily pullback.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2025-05-13 | [Biofuels policy changes can affect soybean prices - Brownfield Ag News](https://feedsoft.ai/events/15121-biofuels-policy-changes-can-affect-soybean-prices-brownfield-ag-news.md) | -1.4% | -0.8% |
| SOY | 2024-03-02 | [Almost Big Breaking News for Corn and Soybean Prices](https://feedsoft.ai/events/7864-almost-big-breaking-news-for-corn-and-soybean-prices.md) | +2.4% | +3.7% |
| SOY | 2019-12-16 | [Wheat leads on trade deals, export taxes, weather - Brownfield Ag News](https://feedsoft.ai/events/6295-wheat-leads-on-trade-deals-export-taxes-weather-brownfield-ag-news.md) | +2.3% | +2.3% |
| SOY | 2019-01-22 | [Soybean growers benefit from growing biodiesel industry - Brownfield Ag News](https://feedsoft.ai/events/60973-soybean-growers-benefit-from-growing-biodiesel-industry-brownfield-ag-news.md) | +0.7% | -1.7% |
| SOY | 2019-12-24 | [Argentina raise taxes on corn, wheat and soybean exports \| Farm Online \| ACT](https://feedsoft.ai/events/55425-argentina-raise-taxes-on-corn-wheat-and-soybean-exports-farm-online-act.md) | +1.0% | -2.6% |
| SBM | 2019-12-16 | [Wheat leads on trade deals, export taxes, weather - Brownfield Ag News](https://feedsoft.ai/events/6295-wheat-leads-on-trade-deals-export-taxes-weather-brownfield-ag-news.md) | +0.8% | +0.6% |
| SBM | 2019-12-24 | [Argentina raise taxes on corn, wheat and soybean exports \| Farm Online \| ACT](https://feedsoft.ai/events/55425-argentina-raise-taxes-on-corn-wheat-and-soybean-exports-farm-online-act.md) | -0.5% | -0.8% |
| SBM | 2026-01-21 | [U.S. biofuel growth could lift soy prices, reduce China dependence - Brownfield Ag News](https://feedsoft.ai/events/15059-u-s-biofuel-growth-could-lift-soy-prices-reduce-china-dependence-brownfield-ag.md) | +1.5% | +5.7% |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/news/correction-continues-for-corn-soybeans-wheat/

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