# Soybeans soar as corn, wheat consolidate | News-Talk 1230 KFJB

> Soybeans rallied sharply on commercial and technical buying after being oversold, with soybean products also higher. Old-crop export sales fell sharply after a Chinese cancellation, though new-crop sales were solid. Further planting delays are expected in key US growing areas.

- Date: 2022-05-27 · published 2022-05-27T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/41428-soybeans-soar-as-corn-wheat-consolidate-news-talk-1230-kfjb
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Chinese cancellations weigh on old-crop demand, but solid new-crop sales and planting delays support soybean and meal prices for feed buyers.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲
- CORN: neutral
- WHEAT: neutral

## Sources

- 1230kfjb.com: https://www.1230kfjb.com/2022/05/26/soybeans-soar-as-corn-wheat-consolidate/

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