# Grain markets turn quiet following strong export demand - Agweek | #1 source for agriculture news, farming, markets

> Grain markets turned quieter after a period of strong export demand, with the rally described as pausing rather than ending. Heavy rains in South America delayed soybean harvesting and safrinha corn planting, supporting US export demand for now. Wheat fell on lack of fresh news and adequate world stocks.

- Date: 2021-02-07 · published 2021-02-07T12:00:00.000Z
- Category: market · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/9446-grain-markets-turn-quiet-following-strong-export-demand-agweek-1-source-for
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Expected Brazilian harvest pickup should shift short-term soybean and corn export demand toward South America, pressuring US prices. Wheat's lack of news-driven support leaves it vulnerable to selloffs.

## Read by commodity

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

## Sources

- agweek.com: https://www.agweek.com/business/grain-markets-turn-quiet-following-strong-export-demand

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