# Soybeans ease on Chinese demand concerns, wheat firms - Markets - Business Recorder

> Chicago soybean futures eased on Monday on uncertainty over Chinese demand as COVID-19 cases rose and Beijing urged residents to stay home. Wheat rose for the first time in four sessions, though gains were limited by an extension of the Ukrainian grain export corridor.

- Date: 2022-11-21 · published 2022-11-21T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/38696-soybeans-ease-on-chinese-demand-concerns-wheat-firms-markets-business-recorder
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Fears of Chinese lockdowns weaken the outlook for soybean imports, a bearish factor for soy complex prices. The extended corridor adds Black Sea wheat supply, capping wheat gains.

## Read by commodity

- SOY: bearish ▼
- CORN: neutral
- WHEAT: bearish ▼

## Sources

- brecorder.com: https://www.brecorder.com/news/40209968

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