# A welcome rebound for wheat - Brownfield Ag News

> Cash soybean prices were supported in December while uncertainty persisted over the content of a US-China phase-one deal. USDA reported soybean export sales of 27.1 million bushels for the week, and March corn closed above its 100-day average for the first time since August.

- Date: 2019-12-28 · published 2019-12-28T12:00:00.000Z
- Category: trade · region US · magnitude low
- Page: https://feedsoft.ai/events/55617-a-welcome-rebound-for-wheat-brownfield-ag-news
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Trade-deal uncertainty keeps soybean and corn prices range-bound, with bullish potential if the China agreement firms up and purchases accelerate. Feed buyers should watch soybean meal and corn costs into early 2020.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2021-01-26 | [Rally continues for soybeans, corn, wheat - Brownfield Ag News](https://feedsoft.ai/events/4062-rally-continues-for-soybeans-corn-wheat-brownfield-ag-news.md) | +1.6% | +4.7% |
| SOY | 2018-12-07 | [Wheat leads on new export demand - Brownfield Ag News](https://feedsoft.ai/events/61612-wheat-leads-on-new-export-demand-brownfield-ag-news.md) | -0.3% | +0.3% |
| SOY | 2019-01-30 | [Firm finish for grains and oilseeds - Brownfield Ag News](https://feedsoft.ai/events/61153-firm-finish-for-grains-and-oilseeds-brownfield-ag-news.md) | +0.1% | -1.7% |
| SOY | 2019-09-26 | [Chicago, Kansas City wheat up on oversold bounce - Brownfield Ag News](https://feedsoft.ai/events/57105-chicago-kansas-city-wheat-up-on-oversold-bounce-brownfield-ag-news.md) | +2.8% | +5.0% |
| SOY | 2020-09-19 | [Soybeans, corn, wheat extend demand driven rally - Brownfield Ag News](https://feedsoft.ai/events/12154-soybeans-corn-wheat-extend-demand-driven-rally-brownfield-ag-news.md) | -3.9% | +0.6% |
| CORN | 2021-01-26 | [Rally continues for soybeans, corn, wheat - Brownfield Ag News](https://feedsoft.ai/events/4062-rally-continues-for-soybeans-corn-wheat-brownfield-ag-news.md) | +5.1% | +1.5% |
| CORN | 2018-12-07 | [Wheat leads on new export demand - Brownfield Ag News](https://feedsoft.ai/events/61612-wheat-leads-on-new-export-demand-brownfield-ag-news.md) | +0.5% | +2.0% |
| CORN | 2019-01-30 | [Firm finish for grains and oilseeds - Brownfield Ag News](https://feedsoft.ai/events/61153-firm-finish-for-grains-and-oilseeds-brownfield-ag-news.md) | +0.2% | -0.3% |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/news/a-welcome-rebound-for-wheat-2/

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