# Wheat down 10-15 cents, corn down 4-8, soybeans down 15-20 - Markets - Business Recorder

> Wheat, corn and soybeans fell on profit-taking, technical selling and spillover from lower grains. Corn declined on improved South American rains, and wheat dropped below its 20-day moving average. USDA reported weekly US wheat export sales near the low end of expectations.

- Date: 2021-01-22 · published 2021-01-22T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/8232-wheat-down-10-15-cents-corn-down-4-8-soybeans-down-15-20-markets-business
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Routine technical selling and spillover pressure drove the decline, while improved South American supply prospects weighed on corn and soybeans. Weak wheat export sales add modest bearish pressure.

## Read by commodity

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

## Sources

- brecorder.com: https://www.brecorder.com/news/40054866

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