# ​CBOT futures continue to rally amid massive buying_Xinhua Finance Agency

> CBOT grains closed higher on Wednesday as funds bought about 12,000 corn, 5,500 soybean and 4,800 wheat contracts. Eastern Australia's drought is deepening, and President Trump confirmed a high-ranking team would travel to China for trade talks. Reported shipping delays out of Argentina may shift some demand toward US soybeans and meal.

- Date: 2018-04-26 · published 2018-04-26T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/11229-cbot-futures-continue-to-rally-amid-massive-buying-xinhua-finance-agency
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

US-China trade talks and Argentine shipping delays support soybeans and soybean meal, as buyers may turn to US supply. Australian drought adds support to wheat prices.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2019-01-03 | [Soybean Futures Rally; China May Be Returning for U.S. Soy \| Investor's Business Daily](https://feedsoft.ai/events/61133-soybean-futures-rally-china-may-be-returning-for-u-s-soy-investor-s-business.md) | +1.9% | +2.3% |
| SOY | 2021-02-04 | [Grain Exports to China Continue Rising \| Feed & Grain](https://feedsoft.ai/events/48471-grain-exports-to-china-continue-rising-feed-and-grain.md) | -1.3% | +3.2% |
| SOY | 2020-06-05 | [Analysts say China to continue buying US soybeans \| 2020-06-05  \| World Grain](https://feedsoft.ai/events/52605-analysts-say-china-to-continue-buying-us-soybeans-2020-06-05-world-grain.md) | -0.2% | +2.9% |
| SOY | 2021-01-26 | [Rally continues for soybeans, corn, wheat - Brownfield Ag News](https://feedsoft.ai/events/4062-rally-continues-for-soybeans-corn-wheat-brownfield-ag-news.md) | +1.6% | +4.7% |
| SOY | 2026-04-28 | [EU GMO detection reports pressure Argentine meal basis, fuel CBOT's rally \| S&P Global](https://feedsoft.ai/events/12283-eu-gmo-detection-reports-pressure-argentine-meal-basis-fuel-cbot-s-rally-s-and.md) | +2.6% | +0.7% |
| SBM | 2021-01-26 | [Rally continues for soybeans, corn, wheat - Brownfield Ag News](https://feedsoft.ai/events/4062-rally-continues-for-soybeans-corn-wheat-brownfield-ag-news.md) | +0.8% | -1.2% |
| SBM | 2021-03-22 | [EU soybean meal imports continue to fall amid tight S American supplies: sources](https://feedsoft.ai/events/48199-eu-soybean-meal-imports-continue-to-fall-amid-tight-s-american-supplies-sources.md) | -1.1% | -0.5% |
| SBM | 2026-04-28 | [EU GMO detection reports pressure Argentine meal basis, fuel CBOT's rally \| S&P Global](https://feedsoft.ai/events/12283-eu-gmo-detection-reports-pressure-argentine-meal-basis-fuel-cbot-s-rally-s-and.md) | -3.4% | +0.2% |

## Sources

- en.xfafinance.com: http://en.xfafinance.com/html/Markets/Commodities/2018/359823.shtml

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