# Grain, oilseed rally fizzles - Brownfield Ag News

> Soybeans were mixed and corn slipped on fund selling as traders awaited evidence of the 10 million tons of US beans China pledged. Brazil's soybean harvest reached 45% complete, and EIA data showed ethanol output of 1.028 million barrels a day.

- Date: 2019-02-27 · published 2019-02-27T12:00:00.000Z
- Category: trade · region US · magnitude low
- Page: https://feedsoft.ai/events/11850-grain-oilseed-rally-fizzles-brownfield-ag-news
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [DDGS](https://feedsoft.ai/c/DDGS.md)

## Why it matters

Unconfirmed Chinese purchases keep soybeans and meal supported, while large South American crops and export competition cap corn and soymeal prices.

## Read by commodity

- SBM: neutral
- SBO: bearish ▼
- SOY: neutral
- CORN: bearish ▼
- DDGS: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2019-04-29 | [Corn firm, but below day's highs - Brownfield Ag News](https://feedsoft.ai/events/10960-corn-firm-but-below-day-s-highs-brownfield-ag-news.md) | -2.8% | -2.8% |
| 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 | 2019-03-01 | [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 | 2019-10-28 | [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% |
| CORN | 2018-05-24 | [Grains, oilseeds can't follow through on early gains - Brownfield Ag News](https://feedsoft.ai/events/10839-grains-oilseeds-can-t-follow-through-on-early-gains-brownfield-ag-news.md) | -2.0% | -9.0% |
| CORN | 2017-05-12 | [Grains And Oilseeds News In Brief](https://feedsoft.ai/events/71123-grains-and-oilseeds-news-in-brief.md) | -0.3% | +3.4% |
| CORN | 2019-01-10 | [Trade disputes impacting organic grain sector - Brownfield Ag News](https://feedsoft.ai/events/61152-trade-disputes-impacting-organic-grain-sector-brownfield-ag-news.md) | -1.4% | +0.2% |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/grain-oilseed-rally-fizzles/

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