# TNAU Agritech Portal: US: Soybeans gain as soyoil rallies, pulls corn higher

> US soybean futures rose 2.8% on Monday to their highest in over three weeks, led by strong export demand and a 3.4% rally in soyoil after a NOPA report showed tighter-than-expected supplies. Corn gained in sympathy while wheat closed lower as traders took profits amid ample global stocks. Soybeans also drew support from a 258,000-tonne sale of new-crop beans to China.

- Date: 2016-08-16 · published 2016-08-16T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/11868-tnau-agritech-portal-us-soybeans-gain-as-soyoil-rallies-pulls-corn-higher
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Tighter oil supplies and firm Chinese demand offset expectations of a record US harvest, supporting soybean, soyoil and corn prices. Feed buyers face firmer soybean meal and corn costs in the near term.

## Read by commodity

- SBO: bullish ▲
- SOY: bullish ▲
- CORN: bullish ▲
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2026-09-15 | [Grains-soybeans, soymeal rise on US crush data; wheat turns higher - DBA News \| Rallies](https://feedsoft.ai/events/17556-grains-soybeans-soymeal-rise-on-us-crush-data-wheat-turns-higher-dba-news.md) | +3.3% | +0.2% |
| SOY | 2021-01-12 | [Corn Soars to Limit Gains, Soybeans Reach New Highs](https://feedsoft.ai/events/48991-corn-soars-to-limit-gains-soybeans-reach-new-highs.md) | +0.8% | +2.0% |
| SOY | 2018-10-11 | [WASDE report pushes corn, soybean futures higher - RealAgriculture](https://feedsoft.ai/events/62482-wasde-report-pushes-corn-soybean-futures-higher-realagriculture.md) | +3.9% | +1.8% |
| SOY | 2023-10-25 | [U.S. soybean meal exports set record, expected to go higher next year \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/33691-u-s-soybean-meal-exports-set-record-expected-to-go-higher-next-year-agri-pulse.md) | -0.6% | +6.3% |
| SOY | 2024-09-12 | [Corn Production Pegged Higher, Soybeans Lower](https://feedsoft.ai/events/28253-corn-production-pegged-higher-soybeans-lower.md) | +3.5% | +4.1% |
| SBO | 2026-09-15 | [Grains-soybeans, soymeal rise on US crush data; wheat turns higher - DBA News \| Rallies](https://feedsoft.ai/events/17556-grains-soybeans-soymeal-rise-on-us-crush-data-wheat-turns-higher-dba-news.md) | -2.7% | -0.8% |
| SBO | 2026-05-20 | [Biofuel Policy Drives Soybean Oil Demand Higher Again - All Ag News](https://feedsoft.ai/events/15027-biofuel-policy-drives-soybean-oil-demand-higher-again-all-ag-news.md) | -2.3% | -4.5% |
| SBO | 2020-07-31 | [Soybeans firm as US biodiesel data lifts soyoil; corn flat - Markets - Business Recorder](https://feedsoft.ai/events/51967-soybeans-firm-as-us-biodiesel-data-lifts-soyoil-corn-flat-markets-business.md) | +5.1% | +11.1% |

## Sources

- tnauportal.blogspot.com: http://tnauportal.blogspot.com/2016/08/us-soybeans-gain-as-soyoil-rallies.html

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