# Strong week for new crop U.S. soybean export sales - Brownfield Ag News

> USDA export sales for the week ending August 1 showed strong new-crop soybean sales, driven by China and unknown buyers after a price drop. Wheat sales fell, and wheat shipments were above what USDA projects for the marketing year.

- Date: 2024-08-08 · published 2024-08-08T12:00:00.000Z
- Category: trade · region US · magnitude low
- Page: https://feedsoft.ai/events/28855-strong-week-for-new-crop-u-s-soybean-export-sales-brownfield-ag-news
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Strong new-crop soybean sales support soybean prices and meal demand, although sales can be cancelled before delivery. Weaker wheat sales are mildly bearish for wheat.

## Read by commodity

- SOY: bullish ▲
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2017-10-05 | [Good week for corn, soybean export sales - Brownfield Ag News](https://feedsoft.ai/events/68550-good-week-for-corn-soybean-export-sales-brownfield-ag-news.md) | +0.7% | +2.4% |
| SOY | 2019-11-07 | [Strong week for sorghum, soybean exports - Brownfield Ag News](https://feedsoft.ai/events/56125-strong-week-for-sorghum-soybean-exports-brownfield-ag-news.md) | -1.4% | -3.4% |
| SOY | 2016-12-06 | [New export sales support soybeans, corn - Brownfield Ag News](https://feedsoft.ai/events/6328-new-export-sales-support-soybeans-corn-brownfield-ag-news.md) | -1.2% | -3.6% |
| SOY | 2017-05-16 | [Soybeans up on new export sale - Brownfield Ag News](https://feedsoft.ai/events/71066-soybeans-up-on-new-export-sale-brownfield-ag-news.md) | -0.9% | -3.4% |
| SOY | 2018-07-27 | [Soybeans up on export sale, prospect for more - Brownfield Ag News](https://feedsoft.ai/events/64107-soybeans-up-on-export-sale-prospect-for-more-brownfield-ag-news.md) | +2.5% | -2.2% |
| WHEAT | 2023-05-17 | [Another down day for soybeans, corn, wheat - Brownfield Ag News](https://feedsoft.ai/events/5017-another-down-day-for-soybeans-corn-wheat-brownfield-ag-news.md) | -1.4% | -6.9% |
| WHEAT | 2016-07-19 | [Soybeans, corn, wheat give back gains - Brownfield Ag News](https://feedsoft.ai/events/7423-soybeans-corn-wheat-give-back-gains-brownfield-ag-news.md) | -1.3% | -0.8% |
| WHEAT | 2016-08-31 | [Soybeans hit new multi-month lows - Brownfield Ag News](https://feedsoft.ai/events/12396-soybeans-hit-new-multi-month-lows-brownfield-ag-news.md) | +1.0% | +3.7% |

## Sources

- brownfieldagnews.com: https://www.brownfieldagnews.com/news/strong-week-for-new-crop-u-s-soybean-export-sales/

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