# Collapse continues for corn, soybeans, wheat - Brownfield Ag News

> Soybeans closed lower on fund and technical selling, while corn fell sharply on the same selling and weak weekly export sales. Forecasts showed only limited chances of rain in the Midwest, which may not be enough to break drought conditions.

- Date: 2023-06-23 · published 2023-06-23T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/9766-collapse-continues-for-corn-soybeans-wheat-brownfield-ag-news
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Routine price moves driven by fund positioning and export data, with drought still a background risk that could keep feed grain prices volatile.

## Read by commodity

- SBM: bearish ▼
- SBO: bullish ▲
- SOY: bearish ▼
- CORN: bearish ▼

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/collapse-continues-for-corn-soybeans-wheat/

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