# Soybeans rise on Chinese buying, dry Brazil weather | Financial Post

> Chicago soybean futures climbed on Wednesday after fresh export sales, including 264,000 tonnes of US soybeans to China, were reported. Dry weather in top exporter Brazil and patchy rains threatening its planting also supported prices. Corn rose on 420,000 tonnes of new sales to China, the first large corn sale since Sept. 22.

- Date: 2020-10-14 · published 2020-10-14T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/11786-soybeans-rise-on-chinese-buying-dry-brazil-weather-financial-post
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Chinese purchases draw US export demand and tighten old-crop supplies, supporting prices. Brazilian planting delays extend the period of reliance on US beans.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2019-08-14 | [Soybean prices rise on U.S.-China trade hopes \| Financial Post](https://feedsoft.ai/events/11472-soybean-prices-rise-on-u-s-china-trade-hopes-financial-post.md) | -1.9% | -2.1% |
| SOY | 2020-09-17 | [Soybeans at 27-month high on Chinese demand, corn dips \| Financial Post](https://feedsoft.ai/events/9343-soybeans-at-27-month-high-on-chinese-demand-corn-dips-financial-post.md) | +0.3% | +4.4% |
| SOY | 2020-10-20 | [U.S. corn, soy futures rise on strong exports; wheat firm on weather woes \| Financial Post](https://feedsoft.ai/events/50664-u-s-corn-soy-futures-rise-on-strong-exports-wheat-firm-on-weather-woes.md) | +3.2% | +9.4% |
| SOY | 2020-03-04 | [Soybeans rise on hopes for export demand, financial market gains \| Financial Post](https://feedsoft.ai/events/54186-soybeans-rise-on-hopes-for-export-demand-financial-market-gains-financial-post.md) | -2.2% | -0.8% |
| SOY | 2019-10-23 | [Soybeans pare gains after surge on China demand prospects \| Financial Post](https://feedsoft.ai/events/56613-soybeans-pare-gains-after-surge-on-china-demand-prospects-financial-post.md) | -1.7% | -2.4% |
| CORN | 2020-09-17 | [Soybeans at 27-month high on Chinese demand, corn dips \| Financial Post](https://feedsoft.ai/events/9343-soybeans-at-27-month-high-on-chinese-demand-corn-dips-financial-post.md) | -0.3% | +4.1% |
| CORN | 2020-10-20 | [U.S. corn, soy futures rise on strong exports; wheat firm on weather woes \| Financial Post](https://feedsoft.ai/events/50664-u-s-corn-soy-futures-rise-on-strong-exports-wheat-firm-on-weather-woes.md) | +5.4% | +11.4% |
| CORN | 2019-09-13 | [Soybeans extend gains after big Chinese purchase fuels trade hopes \| Financial Post](https://feedsoft.ai/events/10850-soybeans-extend-gains-after-big-chinese-purchase-fuels-trade-hopes-financial.md) | +3.9% | +5.5% |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/soybeans-rise-on-chinese-buying-dry-brazil-weather

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