# Profit taking pressures soybeans, corn - Brownfield Ag News

> Soybeans, corn and wheat all fell on profit-taking and technical selling after Tuesday's gains. Soybean meal rose on commercial demand, while soybean oil fell, and Unknown destinations bought 30,000 tons of US soybean oil.

- Date: 2016-05-11 · published 2016-05-11T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/9923-profit-taking-pressures-soybeans-corn-brownfield-ag-news
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

This is routine market movement with no new fundamental shock, so prices are likely to track US planting progress and South American marketing in the near term.

## Read by commodity

- SBO: bearish ▼
- SOY: bearish ▼
- CORN: bearish ▼

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/profit-taking-pressures-soybeans-corn-2/

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