# Corn steadies as mixed weather assessed; soybeans firm on vegoils rally | Financial Post

> Chicago corn consolidated after a slide the previous day as mixed South American weather and strong Chinese demand were assessed. Soybeans edged higher on a rally in vegetable oils, while wheat traded near a 2021 low.

- Date: 2021-03-23 · published 2021-03-23T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/5675-corn-steadies-as-mixed-weather-assessed-soybeans-firm-on-vegoils-rally
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

A rally in vegetable oils tightens global oilseed supply and supports soybean and soybean oil prices, despite the coming South American harvest. Delayed Brazilian second-crop corn planting keeps near-term corn supply concerns alive.

## Read by commodity

- SBO: bullish ▲
- SOY: bullish ▲
- CORN: neutral
- WHEAT: bearish ▼

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/corn-steadies-as-mixed-weather-assessed-soybeans-firm-on-vegoils-rally

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