# Technical and fundamental factors pull markets lower - Brownfield Ag News

> Corn and soybean futures lost ground during the week as a technical correction followed a strong prior rally. Analyst Arlan Suderman said South American weather is less threatening and Brazil's soybean harvest is progressing slowly, with only about 8% of Mato Grosso soybeans mature versus a typical 40%. He suggested soybeans could fall below $12.

- Date: 2021-01-22 · published 2021-01-22T12:00:00.000Z
- Category: market · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/8235-technical-and-fundamental-factors-pull-markets-lower-brownfield-ag-news
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Momentum-driven selling after an overbought rally, combined with less weather risk, pressures soybean and corn prices lower. Slow Brazilian harvest progress limits how far the decline may go in the near term.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/news/technical-and-fundamental-factors-pull-markets-lower/

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