# Export sales support corn - Brownfield Ag News

> Soybeans and corn rose on spread trade, short covering and technical buying, with export sales up on the week led by Mexico and China. Brazil's ANEC projected October soybean exports at 6.71 million tons, nearly double last year, and Brazil continues to dominate the export market.

- Date: 2023-10-05 · published 2023-10-05T12:00:00.000Z
- Category: trade · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/33729-export-sales-support-corn-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

Brazil's dominant export pace caps US soybean and soymeal export demand, while the concentrated export sales to Mexico and China offer modest support for US corn and meal.

## Read by commodity

- SBM: neutral
- SOY: bearish ▼
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2018-02-14 | [Corn export projection better, soybeans worse - Brownfield Ag News](https://feedsoft.ai/events/66523-corn-export-projection-better-soybeans-worse-brownfield-ag-news.md) | +2.2% | +1.7% |
| SOY | 2024-12-27 | [Export sales increase for wheat and corn, soybeans hit marketing-year low - Brownfield Ag News](https://feedsoft.ai/events/26997-export-sales-increase-for-wheat-and-corn-soybeans-hit-marketing-year-low.md) | -0.7% | +5.8% |
| SOY | 2016-12-19 | [Soybean exports could come to screeching halt - Brownfield Ag News](https://feedsoft.ai/events/73503-soybean-exports-could-come-to-screeching-halt-brownfield-ag-news.md) | -4.6% | +3.7% |
| SOY | 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) | -8.8% | -5.1% |
| SOY | 2019-08-23 | [Soybeans, corn sink on demand concerns - Brownfield Ag News](https://feedsoft.ai/events/57622-soybeans-corn-sink-on-demand-concerns-brownfield-ag-news.md) | +0.0% | +3.1% |
| CORN | 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) | +1.5% | -0.5% |
| CORN | 2016-05-12 | [Export demand supports corn - Brownfield Ag News](https://feedsoft.ai/events/9924-export-demand-supports-corn-brownfield-ag-news.md) | +2.3% | +9.3% |
| CORN | 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% | -1.0% |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/export-sales-support-corn-2/

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