# Soybean and corn price drop not linked to Biden’s executive orders | Fact Check

> A fact check found that the soybean and corn price drop was not caused by President Biden's executive orders, as claimed on social media. The orders signed in that period mostly addressed the coronavirus pandemic. Analysts attributed the selloff to markets being due for a correction.

- Date: 2021-01-23 · published 2021-01-23T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/8233-soybean-and-corn-price-drop-not-linked-to-biden-s-executive-orders-fact-check
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

The price decline reflected a normal market correction rather than a policy shift, so the fundamental outlook for soybeans and corn is unchanged. Traders should not expect a policy-driven trend from this episode.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼

## Sources

- factcheck.afp.com: https://factcheck.afp.com/soybean-and-corn-price-drop-not-linked-bidens-executive-orders

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