# Soybeans, corn make new highs - Brownfield Ag News

> Soybeans closed near two-year highs on June 1, 2016 on commercial and technical buying, with strong demand for soybean products. Corn was higher on solid demand, with crop conditions rated among the highest on record, and wheat gained on buying interest despite a bearish supply outlook.

- Date: 2016-06-02 · published 2016-06-02T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/5267-soybeans-corn-make-new-highs-brownfield-ag-news
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Strong soybean crush and product demand support soybean meal and oil prices, while good crop conditions cap the upside for corn.

## Read by commodity

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

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/news/soybeans-corn-make-new-highs/

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