# Soybeans Hit Contract Highs Friday on China Buying, Corn Follows

> Soybean futures hit new contract highs on July 24 after reports of Chinese buying, with November beans up 50 cents on the week. Corn closed steady and wheat fell as the session progressed.

- Date: 2026-08-01 · published 2026-08-01T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/14567-soybeans-hit-contract-highs-friday-on-china-buying-corn-follows
- 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

Expectations of Chinese state buying of new-crop US soybeans are supporting soybean prices, and corn moved higher in sympathy, though weather-related yield concerns remain a factor.

## Read by commodity

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

## Sources

- agweb.com: https://www.agweb.com/markets/market-analysis/soybean-hit-contract-highs-china-buying-way-13-will-corn-follow-5

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