# Corn firm, but below day's highs - Brownfield Ag News

> Soybeans fell on fund selling as US-China face-to-face trade talks resumed, with an agreement seen as possible but unofficial. Corn closed slightly higher, with 15% planted versus 27% on average after a wet, cold weekend in the Midwest and Plains.

- Date: 2019-04-29 · published 2019-04-29T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/10960-corn-firm-but-below-day-s-highs-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), [DDGS](https://feedsoft.ai/c/DDGS.md)

## Why it matters

A US-China deal could support soybean and meal demand, but African Swine Fever is expected to cut Chinese import needs. Delayed corn planting supports corn prices and may shift acres toward soybeans.

## Read by commodity

- SBM: neutral
- SOY: neutral
- CORN: bullish ▲
- DDGS: neutral
- SORGHUM: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2017-03-20 | [Corn finishes modestly lower on profit taking - Brownfield Ag News](https://feedsoft.ai/events/10728-corn-finishes-modestly-lower-on-profit-taking-brownfield-ag-news.md) | -2.4% | -4.7% |
| SOY | 2019-10-28 | [The fine print of Trump's China tariff deal - Brownfield Ag News](https://feedsoft.ai/events/56429-the-fine-print-of-trump-s-china-tariff-deal-brownfield-ag-news.md) | +0.4% | -2.5% |
| SOY | 2020-05-15 | [Soybeans down, despite demand from China - Brownfield Ag News](https://feedsoft.ai/events/53164-soybeans-down-despite-demand-from-china-brownfield-ag-news.md) | -0.0% | +4.3% |
| SOY | 2019-03-01 | [Commitments haven’t moved markets - Brownfield Ag News](https://feedsoft.ai/events/60119-commitments-haven-t-moved-markets-brownfield-ag-news.md) | -0.8% | -0.9% |
| SOY | 2019-02-27 | [Grain, oilseed rally fizzles - Brownfield Ag News](https://feedsoft.ai/events/11850-grain-oilseed-rally-fizzles-brownfield-ag-news.md) | -0.3% | -0.3% |
| SBM | 2018-12-03 | [Soybeans, corn up, but off day's highs - Brownfield Ag News](https://feedsoft.ai/events/5834-soybeans-corn-up-but-off-day-s-highs-brownfield-ag-news.md) | -0.1% | +0.9% |
| SBM | 2023-10-05 | [Export sales support corn - Brownfield Ag News](https://feedsoft.ai/events/33729-export-sales-support-corn-brownfield-ag-news.md) | +1.1% | +16.2% |
| SBM | 2019-02-01 | [Soybeans, corn up, but waiting for more details on China - Brownfield Ag News](https://feedsoft.ai/events/60636-soybeans-corn-up-but-waiting-for-more-details-on-china-brownfield-ag-news.md) | -1.5% | -2.2% |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/corn-firm-but-below-days-highs/

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