# Soybeans up ahead of China talks - Brownfield Ag News

> Soybeans edged higher on short covering and technical buying ahead of resumed US-China talks on Tuesday. Officials have not announced any new Chinese purchases, and tariffs remain in place. Crop progress showed 57% of soybeans blooming versus a 79% average, and 54% rated good to excellent.

- Date: 2019-07-29 · published 2019-07-29T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/58120-soybeans-up-ahead-of-china-talks-brownfield-ag-news
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Delayed crop development and stalled China demand leave soybeans reliant on trade headlines, and the weekly export pace trailing last year is bearish for feed-meal supplies. Price direction hinges on whether talks produce concrete purchases.

## Read by commodity

- SBM: bullish ▲
- SBO: bearish ▼
- SOY: bullish ▲
- CORN: bullish ▲

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/soybeans-up-ahead-of-china-talks/

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