# Even slightly bullish news gives markets some movement - Agweek | #1 source for agriculture news, farming, markets

> Corn, soybeans, wheat and soybean oil rose modestly after reports that China may be buying U.S. commodities. Wheat prices stayed within their established trading range, with a technical resistance level limiting gains.

- Date: 2019-01-20 · published 2019-01-20T12:00:00.000Z
- Category: trade · region US · magnitude low
- Page: https://feedsoft.ai/events/12388-even-slightly-bullish-news-gives-markets-some-movement-agweek-1-source-for
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Chinese purchase rumors add modest demand support, but the moves are small and prices remain range-bound given comfortable supplies. Wheat exports face competition from Russia, which is low on exportable supplies, which could support U.S. wheat prices.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2020-04-24 | [China buying more US beef and soybeans - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/53504-china-buying-more-us-beef-and-soybeans-agweek-1-source-for-agriculture-news.md) | +1.3% | -0.5% |
| SOY | 2024-08-30 | [Demand provides strength to grain markets - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/28820-demand-provides-strength-to-grain-markets-agweek-1-source-for-agriculture-news.md) | +1.6% | +9.4% |
| SOY | 2018-09-02 | [U.S., Mexico reach agreement on key trade provisions - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/63004-u-s-mexico-reach-agreement-on-key-trade-provisions-agweek-1-source-for.md) | +0.1% | +3.0% |
| SOY | 2016-08-18 | [Exports support soy; corn, wheat rise on short-covering - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/12516-exports-support-soy-corn-wheat-rise-on-short-covering-agweek-1-source-for.md) | +0.0% | -7.8% |
| SOY | 2020-07-16 | [Higher Chinese feed demand boosts US corn and soybean exports - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/52129-higher-chinese-feed-demand-boosts-us-corn-and-soybean-exports-agweek-1-source.md) | +1.5% | +0.5% |
| WHEAT | 2019-11-17 | [Markets follow 'buy the rumor, sell the fact' rule - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/11889-markets-follow-buy-the-rumor-sell-the-fact-rule-agweek-1-source-for-agriculture.md) | +3.8% | +3.1% |
| WHEAT | 2017-05-21 | [Political turmoil affects markets - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/10224-political-turmoil-affects-markets-agweek-1-source-for-agriculture-news-farming.md) | +2.9% | +2.4% |
| WHEAT | 2019-10-27 | [A look at the demand side, even while harvest continues - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/56671-a-look-at-the-demand-side-even-while-harvest-continues-agweek-1-source-for.md) | -0.2% | +6.0% |

## Sources

- agweek.com: https://www.agweek.com/opinion/even-slightly-bullish-news-gives-markets-some-movement

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