# Soybeans, wheat up modestly, still down on week - Brownfield Ag News

> Soybeans and wheat edged higher on fund and technical buying but still closed the week lower. Corn was steady to slightly higher, also lower on the week, with forecasts for moderate temperatures and dry Midwest conditions. Mexico bought 114,300 tons of new-crop US corn, though with little price support.

- Date: 2020-07-31 · published 2020-07-31T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/52193-soybeans-wheat-up-modestly-still-down-on-week-brownfield-ag-news
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Routine weekly price wrap with weather-driven crop watch; the modest dry-weather risk and new export sales offer limited support against a large expected crop.

## Read by commodity

- SBM: bearish ▼
- SBO: bullish ▲
- SOY: neutral
- CORN: neutral
- WHEAT: neutral

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/soybeans-wheat-up-modestly-still-down-on-week/

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