# Analyst says soybeans, not corn, driving grain complex higher - Brownfield Ag News

> Naomi Blohm of Total Farm Marketing says USDA's cut of 2020 US corn acres to 92 million from 97 million is significant, but soybean acreage increased less than expected. She argues soybeans are the fundamental leader, with weather in August as the key risk. She sees November soybean futures possibly reaching $9.25 to $9.50 if China keeps buying.

- Date: 2020-07-02 · published 2020-07-02T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/52163-analyst-says-soybeans-not-corn-driving-grain-complex-higher-brownfield-ag-news
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Lower corn acreage and modest soybean acreage tighten the balance sheet, supporting soybean prices if Chinese demand holds. The analyst's view reflects an outlook rather than a new supply change.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2021-01-12 | [USDA numbers send corn, soybeans, wheat higher - Brownfield Ag News](https://feedsoft.ai/events/49092-usda-numbers-send-corn-soybeans-wheat-higher-brownfield-ag-news.md) | +0.8% | +2.0% |
| SOY | 2020-09-30 | [Big gains in corn, soybeans, wheat after USDA numbers - Brownfield Ag News](https://feedsoft.ai/events/8791-big-gains-in-corn-soybeans-wheat-after-usda-numbers-brownfield-ag-news.md) | +5.1% | +9.0% |
| SOY | 2023-04-11 | [Soybeans up, corn, wheat down after USDA numbers - Brownfield Ag News](https://feedsoft.ai/events/36347-soybeans-up-corn-wheat-down-after-usda-numbers-brownfield-ag-news.md) | +2.0% | -1.2% |
| SOY | 2019-09-30 | [Corn, soybeans up on USDA numbers, weekend weather - Brownfield Ag News](https://feedsoft.ai/events/57014-corn-soybeans-up-on-usda-numbers-weekend-weather-brownfield-ag-news.md) | +3.8% | +4.2% |
| SOY | 2019-03-12 | [Brazil raises corn crop estimate, cuts soybeans - Brownfield Ag News](https://feedsoft.ai/events/59926-brazil-raises-corn-crop-estimate-cuts-soybeans-brownfield-ag-news.md) | +3.2% | +2.4% |
| CORN | 2021-01-12 | [USDA numbers send corn, soybeans, wheat higher - Brownfield Ag News](https://feedsoft.ai/events/49092-usda-numbers-send-corn-soybeans-wheat-higher-brownfield-ag-news.md) | +5.8% | +11.6% |
| CORN | 2017-03-29 | [Soybeans down, corn up after USDA numbers - Brownfield Ag News](https://feedsoft.ai/events/72023-soybeans-down-corn-up-after-usda-numbers-brownfield-ag-news.md) | +0.8% | +0.4% |
| CORN | 2017-05-10 | [Corn up, soybeans down, back to watching planting weather - Brownfield Ag News](https://feedsoft.ai/events/71029-corn-up-soybeans-down-back-to-watching-planting-weather-brownfield-ag-news.md) | +0.3% | +2.4% |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/news/analyst-says-soybeans-not-corn-driving-grain-complex-higher/

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