# Soybeans fall from 2-month high, China demand hopes limit decline | Financial Post

> Chicago soybeans fell 0.4% to $14.64-1/4 a bushel on Dec 1, after a two-month high the previous session. Wheat and corn also declined, with wheat weighed by ample Black Sea supplies. Traders cited hopes that China would relax COVID-19 restrictions.

- Date: 2022-12-01 · published 2022-12-01T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/38283-soybeans-fall-from-2-month-high-china-demand-hopes-limit-decline-financial-post
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Hopes for a recovery in Chinese demand limit downside for soybeans, though ample Black Sea wheat supply keeps grain prices under pressure.

## Read by commodity

- SOY: neutral
- WHEAT: bearish ▼

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/soybeans-fall-from-2-month-high-china-demand-hopes-limit-decline-2

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