# Can the rally be sustained? - Brownfield Ag News

> Grain and soybean futures closed higher after USDA's acreage report showed smaller-than-expected corn plantings. StoneX analyst Arlan Suderman said a sustained rally needs hotter, drier July weather and unanticipated Chinese buying.

- Date: 2020-06-30 · published 2020-06-30T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/52652-can-the-rally-be-sustained-brownfield-ag-news
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Tighter corn acreage and weather risk support prices, but the rally depends on weather and export demand that is not yet confirmed. Feed costs could firm if these conditions develop.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲
- CORN: bullish ▲

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/news/can-the-rally-be-sustained/

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