# Soybeans up on weather, demand from China - Brownfield Ag News

> Soybeans rose modestly on short covering and technical buying as dry weather and derecho damage stressed key growing areas. Chinese buyers booked 400,000 tonnes of new crop U.S. beans, and China bought 8.18 million tonnes of Brazilian beans in July.

- Date: 2020-08-26 · published 2020-08-26T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/51480-soybeans-up-on-weather-demand-from-china-brownfield-ag-news
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Dryness in U.S. growing areas raises supply risk for the new crop, while new-crop Chinese demand supports prices. Heavy Brazilian competition for Chinese business limits the upside.

## Read by commodity

- SBM: neutral
- SOY: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SOY | 2020-08-27 | 5 | +5.5% | 2.9 | Short covering, technical buying, dry weather and 400,000 tonnes of Chinese new-crop purchases supported soybeans on Aug 26. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2017-05-19 | [Demand props up soybeans, corn - Brownfield Ag News](https://feedsoft.ai/events/10223-demand-props-up-soybeans-corn-brownfield-ag-news.md) | -0.6% | -0.6% |
| SOY | 2018-02-13 | [Soybeans, meal up on more dry weather in Argentina - Brownfield Ag News](https://feedsoft.ai/events/10479-soybeans-meal-up-on-more-dry-weather-in-argentina-brownfield-ag-news.md) | +2.5% | +3.9% |
| SOY | 2017-06-07 | [Corn, soybeans higher on weather concerns - Brownfield Ag News](https://feedsoft.ai/events/70428-corn-soybeans-higher-on-weather-concerns-brownfield-ag-news.md) | +1.0% | +5.7% |
| SOY | 2022-07-28 | [Soybeans continue to climb on weather concerns - Brownfield Ag News](https://feedsoft.ai/events/8747-soybeans-continue-to-climb-on-weather-concerns-brownfield-ag-news.md) | +0.4% | -3.5% |
| SOY | 2023-08-25 | [More weather support for soybeans - Brownfield Ag News](https://feedsoft.ai/events/34665-more-weather-support-for-soybeans-brownfield-ag-news.md) | -0.4% | -5.1% |
| SBM | 2017-05-19 | [Demand props up soybeans, corn - Brownfield Ag News](https://feedsoft.ai/events/10223-demand-props-up-soybeans-corn-brownfield-ag-news.md) | -0.9% | -2.1% |
| SBM | 2017-06-07 | [Corn, soybeans higher on weather concerns - Brownfield Ag News](https://feedsoft.ai/events/70428-corn-soybeans-higher-on-weather-concerns-brownfield-ag-news.md) | +0.1% | +5.1% |
| SBM | 2022-07-28 | [Soybeans continue to climb on weather concerns - Brownfield Ag News](https://feedsoft.ai/events/8747-soybeans-continue-to-climb-on-weather-concerns-brownfield-ag-news.md) | +4.2% | -5.2% |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/soybeans-up-on-weather-demand-from-china/

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