# Wheat, soy tumble after big weekly gains - Agweek | #1 source for agriculture news, farming, markets

> U.S. wheat, soybeans and corn fell sharply on Friday as investors took profits after a strong weekly rally. Extended weather outlooks were seen as beneficial for crops. Soybeans were on track for a 5% weekly gain and wheat near 7%.

- Date: 2016-04-22 · published 2016-04-22T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/8545-wheat-soy-tumble-after-big-weekly-gains-agweek-1-source-for-agriculture-news
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Profit-taking and benign weather forecasts reduce the risk premium built up earlier in the week, pressuring feed grain and oilseed prices lower in the near term.

## Read by commodity

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

## Sources

- agweek.com: https://www.agweek.com/business/wheat-soy-tumble-after-big-weekly-gains

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