# 22 October 2020 | International Agri Trading Ltd

> Chicago corn, soymeal and soybean futures hit fresh highs as funds bought heavily and soybean crush spreads widened. Brazil is nearly out of soybeans, Argentine farmers are holding stocks amid labour strikes, and US sales of soybeans, corn, wheat, soymeal and soyoil were strong.

- Date: 2020-10-22 · published 2020-10-22T12:00:00.000Z
- Category: market · region Global · magnitude medium
- Page: https://feedsoft.ai/events/50726-22-october-2020-international-agri-trading-ltd
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Tightening US and world soybean stocks plus strong export demand point to higher soybean, meal and oil prices, with soyoil rationing needed to balance demand.

## Read by commodity

- SBM: bullish ▲
- SBO: bullish ▲
- SOY: bullish ▲
- CORN: bullish ▲
- WHEAT: bullish ▲
- PALMOIL: bullish ▲

## Sources

- iat-ltd.com: http://www.iat-ltd.com/website/22-october-2020-2/

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