# Soybeans set for 5th week of gains on Chinese demand hopes | Financial Post

> Chicago soybeans were poised for a fifth weekly gain on expectations of higher Chinese demand ahead of the Phase 1 deal signing. Wheat was on track for a fourth weekly gain on declining US winter crop conditions.

- Date: 2020-01-03 · published 2020-01-03T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/55114-soybeans-set-for-5th-week-of-gains-on-chinese-demand-hopes-financial-post
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Anticipated Chinese purchases supported soybean prices, while dry US Plains conditions supported wheat.

## Read by commodity

- SOY: bullish ▲
- WHEAT: bullish ▲

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/soybeans-set-for-5th-week-of-gains-on-chinese-demand-hopes

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