# Weather, demand support soybeans, corn - Brownfield Ag News

> Soybeans rose on commercial and technical buying, with unknown destinations buying 395,000 tons of US beans and China buying 129,000 tons. Corn and wheat also advanced on weather concerns, and Brazil proposed changing its GMO import rules to ease supply problems. Soybean meal rallied sharply on commercial demand.

- Date: 2016-06-17 · published 2016-06-17T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/10753-weather-demand-support-soybeans-corn-brownfield-ag-news
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Fresh export demand and Brazil's proposed GMO import change support US corn and soybean prices, since US origin could fill Brazil's gap. Weather risk and firm meal demand add to upward pressure on feed ingredients.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲
- CORN: bullish ▲
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2016-10-27 | [Demand supports soybeans, corn - Brownfield Ag News](https://feedsoft.ai/events/9242-demand-supports-soybeans-corn-brownfield-ag-news.md) | -3.3% | +3.6% |
| SOY | 2017-09-22 | [Solid demand supports soybeans, corn - Brownfield Ag News](https://feedsoft.ai/events/68987-solid-demand-supports-soybeans-corn-brownfield-ag-news.md) | -1.2% | +1.6% |
| SOY | 2016-12-06 | [New export sales support soybeans, corn - Brownfield Ag News](https://feedsoft.ai/events/6328-new-export-sales-support-soybeans-corn-brownfield-ag-news.md) | -1.2% | -3.6% |
| SOY | 2022-01-31 | [Soybeans up on export demand, supply concerns - Brownfield Ag News](https://feedsoft.ai/events/43182-soybeans-up-on-export-demand-supply-concerns-brownfield-ag-news.md) | +5.7% | +11.9% |
| SOY | 2020-09-19 | [Soybeans, corn, wheat extend demand driven rally - Brownfield Ag News](https://feedsoft.ai/events/12154-soybeans-corn-wheat-extend-demand-driven-rally-brownfield-ag-news.md) | -3.9% | +0.6% |
| SBM | 2017-09-22 | [Solid demand supports soybeans, corn - Brownfield Ag News](https://feedsoft.ai/events/68987-solid-demand-supports-soybeans-corn-brownfield-ag-news.md) | -0.7% | +4.0% |
| SBM | 2016-12-06 | [New export sales support soybeans, corn - Brownfield Ag News](https://feedsoft.ai/events/6328-new-export-sales-support-soybeans-corn-brownfield-ag-news.md) | -0.9% | -0.8% |
| SBM | 2022-01-31 | [Soybeans up on export demand, supply concerns - Brownfield Ag News](https://feedsoft.ai/events/43182-soybeans-up-on-export-demand-supply-concerns-brownfield-ag-news.md) | +7.3% | +8.6% |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/weather-demand-support-soybeans-corn/

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