# Light commercial demand props up soybeans - Brownfield Ag News

> Soybeans rose on commercial and technical buying after dry forecasts for Argentina. The Rosario Grain Exchange cut its Argentine soybean estimate to 40 million tons from 46.5 million and its corn estimate to 32 million from 35 million. NOPA reported February crush of 153.7 million bushels, above expectations.

- Date: 2018-03-15 · published 2018-03-15T12:00:00.000Z
- Category: weather · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/10259-light-commercial-demand-props-up-soybeans-brownfield-ag-news
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Argentine crop cuts tighten South American export supply and support soybean and meal prices, while strong crush signals solid US processing demand.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2017-05-19 | [Demand props up soybeans, corn - Brownfield Ag News](https://feedsoft.ai/events/10223-demand-props-up-soybeans-corn-brownfield-ag-news.md) | -0.6% | -0.6% |
| SOY | 2020-08-26 | [Soybeans up on weather, demand from China - Brownfield Ag News](https://feedsoft.ai/events/51480-soybeans-up-on-weather-demand-from-china-brownfield-ag-news.md) | +4.5% | +11.0% |
| SOY | 2020-08-28 | [Soybeans supported by demand, damage concerns - Brownfield Ag News](https://feedsoft.ai/events/51651-soybeans-supported-by-demand-damage-concerns-brownfield-ag-news.md) | +3.4% | +7.0% |
| SOY | 2018-01-19 | [Soybean meal pulls soybeans, corn higher - Brownfield Ag News](https://feedsoft.ai/events/12096-soybean-meal-pulls-soybeans-corn-higher-brownfield-ag-news.md) | +2.0% | +5.3% |
| SOY | 2020-07-02 | [Soybeans, corn extend rally - Brownfield Ag News](https://feedsoft.ai/events/12774-soybeans-corn-extend-rally-brownfield-ag-news.md) | +0.5% | -0.2% |
| SBM | 2020-08-28 | [Soybeans supported by demand, damage concerns - Brownfield Ag News](https://feedsoft.ai/events/51651-soybeans-supported-by-demand-damage-concerns-brownfield-ag-news.md) | +3.5% | +14.2% |
| SBM | 2018-01-19 | [Soybean meal pulls soybeans, corn higher - Brownfield Ag News](https://feedsoft.ai/events/12096-soybean-meal-pulls-soybeans-corn-higher-brownfield-ag-news.md) | +3.7% | +13.8% |
| SBM | 2020-07-02 | [Soybeans, corn extend rally - Brownfield Ag News](https://feedsoft.ai/events/12774-soybeans-corn-extend-rally-brownfield-ag-news.md) | +0.8% | -1.0% |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/light-commercial-demand-props-soybeans/

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