# More liquidation in soybeans, corn, wheat - Brownfield Ag News

> Soybeans, corn and wheat fell on fund and technical selling, with several contracts reaching new contract lows. Soybean export sales hit a marketing-year low after large cancellations, and US corn shipments remain ahead of last year.

- Date: 2024-02-23 · published 2024-02-23T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/8029-more-liquidation-in-soybeans-corn-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

Fund liquidation and weak export sales keep prices under pressure, while favorable South American weather limits support. Feed buyers can expect continued softness until fund positioning changes.

## Read by commodity

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

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| WHEAT | 2024-02-26 | 1 | -3.9% | -4.0 | Fund and technical liquidation pushing contracts to new lows on the prior session likely carried momentum into Monday's sharp drop. |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/more-liquidation-in-soybeans-corn-wheat/

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