# Soybeans up despite demand questions - Brownfield Ag News

> Soybeans rose modestly on commercial and technical buying. Chinese purchases last week were routine and near the low end of estimates, and coronavirus has slowed implementation of the phase one deal, according to Treasury Secretary Mnuchin. Egypt bought over 100,000 tons of U.S. beans.

- Date: 2020-02-13 · published 2020-02-13T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/54632-soybeans-up-despite-demand-questions-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)

## Why it matters

Slower Chinese buying and heavy Brazilian competition limit soybean upside, while meal and oil are mixed on palm oil and vegetable oil demand signals.

## Read by commodity

- SBM: neutral
- SBO: bearish ▼
- SOY: neutral
- CORN: neutral

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/soybeans-up-despite-demand-questions/

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