# Soybeans mostly lower on demand questions - Brownfield Ag News

> Soybeans were mixed and mostly modestly lower on May 28 as demand from China remained uncertain, with Beijing reportedly buying Brazilian beans. Tensions over coronavirus, Phase One purchases and Hong Kong added uncertainty, and the IGC cut its 2019/20 world soybean production estimate to 336 million tons.

- Date: 2020-05-28 · published 2020-05-28T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/53166-soybeans-mostly-lower-on-demand-questions-brownfield-ag-news
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Uncertainty over Chinese demand and continued Brazilian purchases weigh on US soybeans, while lower world supply estimates provide some underlying support.

## Read by commodity

- SBM: bullish ▲
- SOY: bearish ▼

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/soybeans-mostly-lower-on-demand-questions/

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