# Grains, oilseeds can't follow through on early gains - Brownfield Ag News

> Soybeans and soybean meal eased on profit taking after China trade talks and reports that unknown buyers booked 264,000 tons of new-crop U.S. beans. Corn also slipped modestly, while Brazil's Petrobras said it will cut diesel prices by 10% to help end a trucker strike.

- Date: 2018-05-24 · published 2018-05-24T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/10839-grains-oilseeds-can-t-follow-through-on-early-gains-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), [Sorghum](https://feedsoft.ai/c/SORGHUM.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Ongoing China tariff uncertainty and Brazil's strike-related diesel relief both shape export flows and freight costs, with the cut in Brazilian diesel easing transport pressure.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼
- CORN: bearish ▼
- DIESEL: bearish ▼
- SORGHUM: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2017-04-03 | [Grains And Oilseeds News In Brief](https://feedsoft.ai/events/71561-grains-and-oilseeds-news-in-brief.md) | -0.4% | +1.4% |
| SOY | 2017-09-26 | [Grains And Oilseeds News In Brief](https://feedsoft.ai/events/68815-grains-and-oilseeds-news-in-brief.md) | -1.4% | +1.0% |
| SOY | 2018-09-14 | [Wheat manages week to week gains - Brownfield Ag News](https://feedsoft.ai/events/63071-wheat-manages-week-to-week-gains-brownfield-ag-news.md) | +3.3% | +4.3% |
| SOY | 2016-07-19 | [Soybeans, corn, wheat give back gains - Brownfield Ag News](https://feedsoft.ai/events/7423-soybeans-corn-wheat-give-back-gains-brownfield-ag-news.md) | -8.8% | -5.1% |
| SOY | 2019-08-23 | [Soybeans, corn sink on demand concerns - Brownfield Ag News](https://feedsoft.ai/events/57622-soybeans-corn-sink-on-demand-concerns-brownfield-ag-news.md) | +0.0% | +3.1% |
| SBM | 2019-01-30 | [Firm finish for grains and oilseeds - Brownfield Ag News](https://feedsoft.ai/events/61153-firm-finish-for-grains-and-oilseeds-brownfield-ag-news.md) | -0.7% | -2.2% |
| SBM | 2017-09-26 | [Grains And Oilseeds News In Brief](https://feedsoft.ai/events/68815-grains-and-oilseeds-news-in-brief.md) | -0.3% | +1.9% |
| SBM | 2018-09-14 | [Wheat manages week to week gains - Brownfield Ag News](https://feedsoft.ai/events/63071-wheat-manages-week-to-week-gains-brownfield-ag-news.md) | +0.0% | +0.5% |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/grains-oilseeds-cant-follow-through-on-early-gains/

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