# Friday's Soybean Market Adds to the Week's 40¢ Rally

> Soybean futures rose about 40 cents over the week, with November soybeans closing 15 cents higher at $10.43½ on September 18. Corn and wheat also gained, and soymeal and soyoil finished higher. Buying from China was cited as a key support.

- Date: 2020-09-18 · published 2020-09-18T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/51185-friday-s-soybean-market-adds-to-the-week-s-40-rally
- 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), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Active Chinese buying and a weak dollar are pushing soybeans to two-year highs, raising feed input costs for buyers. The rally reflects ongoing demand strength rather than a new supply shock.

## Read by commodity

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

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SBM | 2020-09-18 | 5 | +6.7% | 2.9 | Soybeans rallied about 40 cents over the week to $10.43 with soymeal higher, supported by Chinese buying, matching the window. |

## Sources

- agriculture.com: https://www.agriculture.com/markets/analysis/soybean-investors-continue-to-buy-monday

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