# Fundamental issues send soybeans lower - Brownfield Ag News

> Soybeans fell sharply for the week on fund and technical selling, with the market watching South American planting and harvest conditions. Weak Chinese demand and a marketing-year low in export sales added pressure. Corn and wheat also finished lower, and soybean meal followed beans down.

- Date: 2020-03-13 · published 2020-03-13T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/8371-fundamental-issues-send-soybeans-lower-brownfield-ag-news
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Persistent lack of Chinese buying and competition from South America point to weaker soybean and meal prices in the near term.

## Read by commodity

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

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SOY | 2020-03-15 | 1 | -3.0% | -3.9 | Soybeans fell sharply on fund and technical selling, weak Chinese demand and a marketing-year low in export sales, which explains the downward pressure. |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/fundamental-issues-send-soybeans-lower/

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