# Corn, wheat gain ground, watching weather - Brownfield Ag News

> Soybeans rose modestly on short covering and technical buying, with optimism about China even as Beijing says US tariffs must be removed before a full deal. Brazil's soybean prices in local currency reached multi-year highs, and corn and wheat gained slightly on the USDA planned harvested-area review in Minnesota and North Dakota.

- Date: 2019-10-17 · published 2019-10-17T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/56611-corn-wheat-gain-ground-watching-weather-brownfield-ag-news
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Possible US yield cuts and firmer Brazilian pricing support US soybean and corn values, though the uncertain China deal limits upside.

## Read by commodity

- SBM: neutral
- SOY: bullish ▲
- CORN: bullish ▲
- WHEAT: bullish ▲

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/corn-wheat-gain-ground-watching-weather/

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