# U.S. grains: Soy jumps on vegetable oils' gains | Farmtario

> US soybean futures climbed to a two-month high on brisk US exports and rising vegetable oil prices. Chicago wheat fell more than 2% and corn about 1% as a firm dollar and abundant global grain supplies weighed on them.

- Date: 2016-10-24 · published 2016-10-24T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/10538-u-s-grains-soy-jumps-on-vegetable-oils-gains-farmtario
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Strength in vegetable oils pulls soybean crush value higher, supporting soybean prices, while ample global grain supplies and a strong dollar keep wheat and corn under pressure.

## Read by commodity

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

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| WHEAT | 2016-10-24 | 1 | -2.2% | -3.4 | Reports Chicago wheat fell more than 2% on 24 Oct, attributing it to a firm dollar and abundant global grain supplies (currency and supply). |

## Sources

- farmtario.com: https://farmtario.com/daily/u-s-grains-soy-jumps-on-vegetable-oils-gains/

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