# Soybeans, corn, wheat extend gains - Brownfield Ag News

> Soybeans, corn and wheat rose on fund buying after the USDA crop rating slipped but stayed above last year. Forecasts pointed to dry weather in much of the Midwest into mid-September after a dry August in some key areas. Soybean meal rose while soybean oil fell on spread adjustments and pressure from China's canola dispute with Canada.

- Date: 2024-09-04 · published 2024-09-04T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/28413-soybeans-corn-wheat-extend-gains-brownfield-ag-news
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Dry Midwest weather could trim yields and support corn and soybean prices, while the weaker soybean oil and the China-Canada dispute point to softer oil markets.

## Read by commodity

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

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/soybeans-corn-wheat-extend-gains-2/

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