# Soybeans, corn, wheat extend losses - Brownfield Ag News

> Soybeans, corn and wheat fell on fund and technical selling. Dryness in Argentina and southern Brazil is not expected to cut Brazil's record crop much, since central and northern Brazil can offset it. Chinese demand remains uncertain due to rising COVID cases.

- Date: 2023-01-04 · published 2023-01-04T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/8621-soybeans-corn-wheat-extend-losses-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

Large Brazilian supplies and weak near-term export and ethanol demand for corn outweigh South American weather risks. This keeps grain and oilseed prices under pressure.

## Read by commodity

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

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/soybeans-corn-wheat-extend-losses/

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