# 'Big exodus' from the market doesn't mean upswing is completely over - Agweek | #1 source for agriculture news, farming, markets

> Soybeans posted a $1 weekly loss as traders exited the market, while corn and wheat also declined. Analyst Randy Martinson said fundamentals such as aggressive exports should still support soybeans, but improved South American rains weigh on corn. Wheat fell after Russia dropped plans for an export quota, and cattle and hogs improved.

- Date: 2021-01-22 · published 2021-01-22T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/8237-big-exodus-from-the-market-doesn-t-mean-upswing-is-completely-over-agweek-1
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Russia's retreat from an export quota removes a potential supply restriction and weighs on wheat. Improved meat prices support livestock sentiment, though weak feed grain prices lower feeding costs.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- HOGS: bullish ▲
- WHEAT: bearish ▼
- LCATTLE: bullish ▲

## Sources

- agweek.com: https://www.agweek.com/business/big-exodus-from-the-market-doesnt-mean-upswing-is-completely-over

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