# Soy, corn sag on worries about China demand; USDA data in focus | Financial Post

> Chicago soybean futures fell on Monday, retreating from a six-week high on fears over export demand after China denied plans to ease its zero-COVID policy. China's October soy imports fell 19% year-on-year to 4.14 million tonnes, the lowest for any month since 2014.

- Date: 2022-11-07 · published 2022-11-07T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/38698-soy-corn-sag-on-worries-about-china-demand-usda-data-in-focus-financial-post
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Weak Chinese import demand and uncertainty over COVID policy pressure soybean and corn prices, with traders also positioning ahead of USDA reports.

## Read by commodity

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

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/soy-corn-sag-on-worries-about-china-demand-usda-data-in-focus
- agriculture.com: https://www.agriculture.com/markets/newswire/grains-soy-corn-sag-on-worries-about-demand-from-china-usda-data-ahead

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