# Soybeans set for biggest weekly gain in 2 months on strong demand | Financial Post

> Chicago soybean futures were set for their biggest weekly gain in two months on robust export demand and delayed US planting. China's May soybean imports rose 20% from April to 9.67 million tonnes.

- Date: 2022-06-10 · published 2022-06-10T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/40974-soybeans-set-for-biggest-weekly-gain-in-2-months-on-strong-demand-financial-post
- 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

Strong export demand and delayed planting tighten supply and support soybean and meal prices for feed buyers.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2020-03-04 | [Soybeans rise on hopes for export demand, financial market gains \| Financial Post](https://feedsoft.ai/events/54186-soybeans-rise-on-hopes-for-export-demand-financial-market-gains-financial-post.md) | -2.2% | -0.8% |
| SOY | 2020-09-17 | [Soybeans at 27-month high on Chinese demand, corn dips \| Financial Post](https://feedsoft.ai/events/9343-soybeans-at-27-month-high-on-chinese-demand-corn-dips-financial-post.md) | +0.3% | +4.4% |
| SOY | 2019-10-23 | [Soybeans pare gains after surge on China demand prospects \| Financial Post](https://feedsoft.ai/events/56613-soybeans-pare-gains-after-surge-on-china-demand-prospects-financial-post.md) | -1.7% | -2.4% |
| SOY | 2019-08-26 | [Weekly Grain Movement – Another strong week for soybeans](https://feedsoft.ai/events/57555-weekly-grain-movement-another-strong-week-for-soybeans.md) | +1.6% | +5.8% |
| SOY | 2020-10-14 | [Soybeans rise on Chinese buying, dry Brazil weather \| Financial Post](https://feedsoft.ai/events/11786-soybeans-rise-on-chinese-buying-dry-brazil-weather-financial-post.md) | +1.9% | +9.0% |
| WHEAT | 2021-10-29 | [Wheat set for best monthly rise since April on strong demand, supply crunch \| Financial Post](https://feedsoft.ai/events/44578-wheat-set-for-best-monthly-rise-since-april-on-strong-demand-supply-crunch.md) | +9.5% | +8.6% |
| WHEAT | 2021-04-13 | [China's Q1 soybean, grains imports surge on strong demand](https://feedsoft.ai/events/11178-china-s-q1-soybean-grains-imports-surge-on-strong-demand.md) | +4.1% | +7.2% |
| WHEAT | 2019-12-12 | [Corn, wheat, soy rally on U.S.-China trade hopes, export demand \| Financial Post](https://feedsoft.ai/events/6298-corn-wheat-soy-rally-on-u-s-china-trade-hopes-export-demand-financial-post.md) | +2.5% | +4.4% |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/soybeans-set-for-biggest-weekly-gain-in-2-months-on-strong-demand

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