# July soybeans, corn hit new multi-month lows - Brownfield Ag News

> July soybeans and corn fell to new multi-month lows on fund and technical selling. Good crop conditions and rain forecasts weighed on prices, while weekly export numbers were bearish and there was no public progress in trade talks with China. Wheat was mostly modestly higher on speculative buying and weather concerns in Europe, the Black Sea and Australia.

- Date: 2018-06-07 · published 2018-06-07T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/8245-july-soybeans-corn-hit-new-multi-month-lows-brownfield-ag-news
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Favorable U.S. crop conditions and weak export pace point to continued pressure on soybean and corn prices, while wheat draws support from weather risks in key exporting regions.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼
- CORN: bearish ▼
- WHEAT: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| CORN | 2018-06-11 | 1 | -2.0% | -3.9 | Fund and technical selling to multi-month lows on good crop conditions and stalled China trade talks set up the downward momentum. |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/july-soybeans-corn-hit-new-multi-month-lows/

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