# Soybeans eke out gains as corn, wheat sell off - Brownfield Ag News

> Soybeans edged higher on commercial and technical buying, with export sales nearly reaching the USDA target. Chinese purchases of US beans in March fell sharply on weak crush margins. Corn and wheat sold off, with corn pressured by profit-taking and spillover from wheat.

- Date: 2022-04-21 · published 2022-04-21T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/41881-soybeans-eke-out-gains-as-corn-wheat-sell-off-brownfield-ag-news
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Weaker Chinese demand for US soybeans is a bearish factor for soybean prices, while corn and wheat declines lower feed grain costs in the near term.

## Read by commodity

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

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/soybeans-eke-out-gains-as-corn-wheat-sell-off/

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