# U.S. grains: Export hopes push soy, corn, wheat futures higher - Grainews

> US soybean, corn and wheat futures rose on April 23 as recent steep declines drew bargain buying and short-covering. Reuters sources said China plans to add about 10 million tonnes of soybeans, 20 million tonnes of corn and 1 million tonnes of cotton to state reserves.

- Date: 2020-04-23 · published 2020-04-23T12:00:00.000Z
- Category: trade · region China · magnitude high
- Page: https://feedsoft.ai/events/53671-u-s-grains-export-hopes-push-soy-corn-wheat-futures-higher-grainews
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Reported Chinese state stockpile purchases of up to 30 million tonnes would add meaningful export demand for US grains and support prices.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2018-05-18 | [GRAINS-U.S. wheat futures jump; export hopes boost corn, soybeans](https://feedsoft.ai/events/10914-grains-u-s-wheat-futures-jump-export-hopes-boost-corn-soybeans.md) | +4.1% | -9.0% |
| SOY | 2018-11-30 | [U.S. grains: Wheat, soy, corn climb - Grainews](https://feedsoft.ai/events/9515-u-s-grains-wheat-soy-corn-climb-grainews.md) | +3.3% | -0.5% |
| SOY | 2019-04-04 | [U.S. grains: Trade hopes spur gains in soy futures - Grainews](https://feedsoft.ai/events/59635-u-s-grains-trade-hopes-spur-gains-in-soy-futures-grainews.md) | +0.4% | -7.6% |
| SOY | 2017-10-19 | [U.S. grains: Soy, wheat, corn firm on export demand - AgCanada](https://feedsoft.ai/events/68544-u-s-grains-soy-wheat-corn-firm-on-export-demand-agcanada.md) | -0.9% | -0.8% |
| SOY | 2020-08-03 | [U.S. wheat futures fall on U.S. export woes; corn, soybeans firm \| Financial Post](https://feedsoft.ai/events/51658-u-s-wheat-futures-fall-on-u-s-export-woes-corn-soybeans-firm-financial-post.md) | -3.0% | +5.9% |
| CORN | 2018-05-18 | [GRAINS-U.S. wheat futures jump; export hopes boost corn, soybeans](https://feedsoft.ai/events/10914-grains-u-s-wheat-futures-jump-export-hopes-boost-corn-soybeans.md) | +1.3% | -5.6% |
| CORN | 2018-11-30 | [U.S. grains: Wheat, soy, corn climb - Grainews](https://feedsoft.ai/events/9515-u-s-grains-wheat-soy-corn-climb-grainews.md) | +8.0% | +8.5% |
| CORN | 2019-04-04 | [U.S. grains: Trade hopes spur gains in soy futures - Grainews](https://feedsoft.ai/events/59635-u-s-grains-trade-hopes-spur-gains-in-soy-futures-grainews.md) | -1.1% | -1.5% |

## Sources

- grainews.ca: https://www.grainews.ca/daily/u-s-grains-export-hopes-push-soy-corn-wheat-futures-higher/

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