# Soybeans up on supply concerns - Brownfield Ag News

> Soybeans rose on commercial and technical buying, with USDA seeing old-crop stocks at multi-year lows. China bought 132,000 tons of old-crop US beans, while Chinese stocks rose on weaker crush rates. Corn fell on profit taking and soybean meal gained on oversold signals.

- Date: 2022-05-13 · published 2022-05-13T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/41427-soybeans-up-on-supply-concerns-brownfield-ag-news
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Multi-year low US old-crop stocks and firm crush demand support soybean and meal prices, while China's crush slowdown limits upside.

## Read by commodity

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

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/soybeans-up-on-supply-concerns/

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