# Soybeans, corn, wheat extend demand driven rally - Brownfield Ag News

> Soybeans, corn and wheat futures rallied on fund and technical buying, with November soybeans reaching a two-year high. China bought 132,000 tons of 2020/21 US soybeans and 210,000 tons of US corn, and the corn purchase already exceeds USDA's full-year China import estimate. A 100,000-ton US soymeal sale to unknown destinations was also reported.

- Date: 2020-09-19 · published 2020-09-19T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/12154-soybeans-corn-wheat-extend-demand-driven-rally-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)

## Why it matters

Large Chinese purchases of US corn and soybeans tighten export availability and support futures and meal prices. Buying to bolster Chinese feed supplies after typhoon damage adds to the demand case, though delivery risk remains.

## Read by commodity

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

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SBM | 2020-09-18 | 5 | +6.7% | 2.9 | Fund and technical buying plus Chinese purchases of soybeans and a 100k t soymeal sale drove a two-year high in soybeans, lifting meal. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2016-10-27 | [Demand supports soybeans, corn - Brownfield Ag News](https://feedsoft.ai/events/9242-demand-supports-soybeans-corn-brownfield-ag-news.md) | -3.3% | +3.6% |
| SOY | 2016-06-17 | [Weather, demand support soybeans, corn - Brownfield Ag News](https://feedsoft.ai/events/10753-weather-demand-support-soybeans-corn-brownfield-ag-news.md) | -0.9% | -5.5% |
| SOY | 2017-09-22 | [Solid demand supports soybeans, corn - Brownfield Ag News](https://feedsoft.ai/events/68987-solid-demand-supports-soybeans-corn-brownfield-ag-news.md) | -1.2% | +1.6% |
| SOY | 2022-01-31 | [Soybeans up on export demand, supply concerns - Brownfield Ag News](https://feedsoft.ai/events/43182-soybeans-up-on-export-demand-supply-concerns-brownfield-ag-news.md) | +5.7% | +11.9% |
| CORN | 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) | +5.1% | +1.5% |
| CORN | 2016-10-27 | [Demand supports soybeans, corn - Brownfield Ag News](https://feedsoft.ai/events/9242-demand-supports-soybeans-corn-brownfield-ag-news.md) | -2.9% | -2.3% |
| CORN | 2016-06-17 | [Weather, demand support soybeans, corn - Brownfield Ag News](https://feedsoft.ai/events/10753-weather-demand-support-soybeans-corn-brownfield-ag-news.md) | -5.7% | -14.2% |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/news/soybeans-corn-wheat-extend-demand-driven-rally/

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