# Chicago, Kansas City wheat up on oversold bounce - Brownfield Ag News

> Chicago and Kansas City wheat rose on an oversold bounce. China bought 838,000 tons of U.S. soybeans over two days and reports indicate waivers on up to 6 million tons, while African swine fever is weighing on feed demand.

- Date: 2019-09-26 · published 2019-09-26T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/57105-chicago-kansas-city-wheat-up-on-oversold-bounce-brownfield-ag-news
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Chinese buying supports soybeans and meal, while ASF-related feed demand concerns and weak corn exports pressure feed grain prices.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2016-11-08 | [Corn, soybeans, wheat up ahead of USDA numbers - Brownfield Ag News](https://feedsoft.ai/events/8305-corn-soybeans-wheat-up-ahead-of-usda-numbers-brownfield-ag-news.md) | +1.1% | -0.1% |
| WHEAT | 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) | +1.9% | +2.8% |
| WHEAT | 2020-03-30 | [A page of good news for wheat growers - Brownfield Ag News](https://feedsoft.ai/events/54175-a-page-of-good-news-for-wheat-growers-brownfield-ag-news.md) | +2.2% | +1.1% |
| WHEAT | 2026-10-29 | [Wheat export sales surge, soybeans down on week - Brownfield Ag News](https://feedsoft.ai/events/1263-wheat-export-sales-surge-soybeans-down-on-week-brownfield-ag-news.md) | -0.4% | — |
| WHEAT | 2018-09-14 | [Wheat manages week to week gains - Brownfield Ag News](https://feedsoft.ai/events/63071-wheat-manages-week-to-week-gains-brownfield-ag-news.md) | -5.8% | -6.1% |
| CORN | 2016-07-19 | [Soybeans, corn, wheat give back gains - Brownfield Ag News](https://feedsoft.ai/events/7423-soybeans-corn-wheat-give-back-gains-brownfield-ag-news.md) | -3.7% | -6.8% |
| CORN | 2023-05-17 | [Another down day for soybeans, corn, wheat - Brownfield Ag News](https://feedsoft.ai/events/5017-another-down-day-for-soybeans-corn-wheat-brownfield-ag-news.md) | +2.4% | +0.5% |
| CORN | 2019-04-05 | [Soybeans, corn down on lack of China deal - Brownfield Ag News](https://feedsoft.ai/events/59636-soybeans-corn-down-on-lack-of-china-deal-brownfield-ag-news.md) | -1.7% | -1.7% |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/chicago-kansas-city-wheat-up-on-oversold-bounce/

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