# Soybeans, corn continue to rise - Brownfield Ag News

> Soybeans and corn rose on fund and technical buying, with soyoil up on crude and palm strength while meal was pressured by product spreads. Mexico bought 359,500 tons of US corn, and China continues to rely on Brazilian soybeans over concerns about renewed US tariffs. Low Mississippi River water levels are an emerging issue.

- Date: 2024-10-22 · published 2024-10-22T12:00:00.000Z
- Category: logistics · region US · magnitude low
- Page: https://feedsoft.ai/events/11150-soybeans-corn-continue-to-rise-brownfield-ag-news
- Commodities: [Barge Freight (St. Louis)](https://feedsoft.ai/c/BARGE.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Low river levels could raise barge freight and slow grain shipments, while China's preference for Brazilian beans supports Brazilian export demand over US supply.

## Read by commodity

- SBM: bearish ▼
- SBO: bullish ▲
- SOY: bullish ▲
- CORN: bullish ▲
- BARGE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2020-10-13 | [Soybeans, corn recover some losses - Brownfield Ag News](https://feedsoft.ai/events/11787-soybeans-corn-recover-some-losses-brownfield-ag-news.md) | +2.6% | +4.2% |
| CORN | 2020-09-28 | [Argentine port workers cease activity for 24 hours - Brownfield Ag News](https://feedsoft.ai/events/51127-argentine-port-workers-cease-activity-for-24-hours-brownfield-ag-news.md) | +3.1% | +8.8% |
| CORN | 2021-01-26 | [Railcar shortage, higher transportation costs real in Midwest - Brownfield Ag News](https://feedsoft.ai/events/49347-railcar-shortage-higher-transportation-costs-real-in-midwest-brownfield-ag-news.md) | +5.1% | +1.5% |
| CORN | 2020-08-03 | [Partnership signed to begin dredging lower Mississippi - Brownfield Ag News](https://feedsoft.ai/events/51506-partnership-signed-to-begin-dredging-lower-mississippi-brownfield-ag-news.md) | -1.4% | +7.2% |
| CORN | 2024-10-23 | [Freight rates for grain transportation continue to rise \| Ukrainian and World Shipping News - Ukrainian Shipping Magazine - Ukrainian and World Shipping News](https://feedsoft.ai/events/28066-freight-rates-for-grain-transportation-continue-to-rise-ukrainian-and-world.md) | -0.6% | +0.9% |
| SOY | 2020-10-13 | [Soybeans, corn recover some losses - Brownfield Ag News](https://feedsoft.ai/events/11787-soybeans-corn-recover-some-losses-brownfield-ag-news.md) | +2.0% | +6.9% |
| SOY | 2025-12-15 | [Low river levels slow soybean traffic toward the Gulf - Brownfield Ag News](https://feedsoft.ai/events/16400-low-river-levels-slow-soybean-traffic-toward-the-gulf-brownfield-ag-news.md) | -2.6% | -5.0% |
| SOY | 2020-08-03 | [Partnership signed to begin dredging lower Mississippi - Brownfield Ag News](https://feedsoft.ai/events/51506-partnership-signed-to-begin-dredging-lower-mississippi-brownfield-ag-news.md) | -3.0% | +5.9% |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/soybeans-corn-continue-to-rise/

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