# Commodities Report Hensall Co-op

> Soybean prices rose about $0.60 since early December, mostly after positive US-China trade news. China reportedly agreed to buy $40 billion of US ag products annually for two years, and funds added to their soybean short-covering.

- Date: 2019-12-17 · published 2019-12-17T12:00:00.000Z
- Category: trade · region US · magnitude high
- Page: https://feedsoft.ai/events/12110-commodities-report-hensall-co-op
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Expected Chinese purchases favor soybeans as China's largest ag import, with spillover support to corn, ethanol, and wheat. Speculative short covering adds near-term price pressure upward.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2019-09-13 | [WASDE Report Raises Grain Prices - Inside Grains & Commodity \| Boerenbusiness. Nl](https://feedsoft.ai/events/9895-wasde-report-raises-grain-prices-inside-grains-and-commodity-boerenbusiness-nl.md) | +1.1% | +4.6% |
| SOY | 2018-05-22 | [Here’s your China commodity checklist - POLITICO](https://feedsoft.ai/events/64917-here-s-your-china-commodity-checklist-politico.md) | +0.5% | -13.3% |
| SOY | 2022-12-23 | [Commodities 2023: China's soybean imports to recover on improved margins, restocking needs](https://feedsoft.ai/events/14881-commodities-2023-china-s-soybean-imports-to-recover-on-improved-margins.md) | +3.5% | +1.4% |
| SOY | 2020-12-22 | [Commodities 2021: US soybean prices likely to rise on high exports, tight stocks \| S&P Global](https://feedsoft.ai/events/49680-commodities-2021-us-soybean-prices-likely-to-rise-on-high-exports-tight-stocks.md) | +4.2% | +10.2% |
| SOY | 2026-05-14 | [Trump asks China to increase imports of US farm, food commodities \| S&P Global](https://feedsoft.ai/events/14581-trump-asks-china-to-increase-imports-of-us-farm-food-commodities-s-and-p-global.md) | -1.3% | -8.2% |
| CORN | 2021-05-03 | [Sorghum Tops The List of Hottest Export Commodities -](https://feedsoft.ai/events/47174-sorghum-tops-the-list-of-hottest-export-commodities.md) | +2.8% | -6.2% |
| CORN | 2019-09-13 | [WASDE Report Raises Grain Prices - Inside Grains & Commodity \| Boerenbusiness. Nl](https://feedsoft.ai/events/9895-wasde-report-raises-grain-prices-inside-grains-and-commodity-boerenbusiness-nl.md) | +3.9% | +5.5% |
| CORN | 2019-04-10 | [AgriCensus Report](https://feedsoft.ai/events/59701-agricensus-report.md) | +1.1% | -1.0% |

## Sources

- hensallco-op.ca: https://hensallco-op.ca/blog/Commodities-Report-20191217025341.htm

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