# Wheat buys back some recent losses - Brownfield Ag News

> Wheat recovered some recent losses as soybeans fell on fund selling and Argentine rain forecasts. Indonesia was reported to be considering palm oil export restrictions citing higher domestic prices, which supported bean oil.

- Date: 2022-01-18 · published 2022-01-18T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/43181-wheat-buys-back-some-recent-losses-brownfield-ag-news
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Possible Indonesian palm oil export curbs tighten vegetable oil supply and support soybean oil and meal alternatives, while Argentine rains ease soy and corn supply concerns.

## Read by commodity

- SBM: bearish ▼
- SBO: bullish ▲
- SOY: bearish ▼
- WHEAT: bullish ▲
- PALMOIL: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SBM | 2022-01-21 | 5 | -9.7% | -3.5 | Soybeans fell on fund selling and Argentine rain forecasts on Jan 18, adding to downward momentum. |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/wheat-buys-back-some-recent-losses/

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