# Corn, soy, wheat all finish week lower

> Corn, soybeans and wheat all finished the week lower, with corn posting its first weekly loss since early December. Urea swaps at the Gulf jumped $32 a ton to $300 as buyers scrambled for barges amid limited import supply. Analysts noted that soybean carry-out was approaching unsustainable levels, raising questions about demand rationing in soybean meal.

- Date: 2021-01-22 · published 2021-01-22T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/9539-corn-soy-wheat-all-finish-week-lower
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

A routine weekly wrap showing profit-taking after a sharp rally, which typically means short-term downward pressure on feed grain and oilseed prices. Higher fertilizer costs add to input pressure on crop margins.

## Read by commodity

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

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| UREA | 2021-01-29 | 5 | +19.9% | 3.7 | Reports the same $32 jump in Gulf urea swaps on scarce barge and import supply, but it is a grain market wrap that duplicates 9193 and adds little new. |
| UREA | 2021-02-01 | 5 | +20.9% | 4.1 | Repeats the Gulf urea swap jump to $300 on limited import supply, a contributing signal slightly before the window. |

## Sources

- farmprogress.com: https://www.farmprogress.com/marketing/corn-soy-wheat-all-finish-week-lower

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