# Soybeans, corn up, but off day's highs - Brownfield Ag News

> Soybeans and corn finished higher on commercial and technical buying after the US and China agreed to a 90-day ceasefire in the trade war, though no details were official. Soybean meal and oil followed beans higher, while meal was pressured by African Swine Fever in China. The USMCA was signed at the G20 but still needs ratification.

- Date: 2018-12-03 · published 2018-12-03T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/5834-soybeans-corn-up-but-off-day-s-highs-brownfield-ag-news
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

The 90-day truce supports soybean prices by reducing the risk of lost Chinese demand. African Swine Fever in China is a bearish factor for soybean meal demand.

## Read by commodity

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

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| CORN | 2018-12-03 | 1 | +6.8% | 5.8 | Corn closed higher on commercial and technical buying after the 90-day US-China ceasefire, which supports the sentiment-driven rally on the day. |
| CORN | 2018-12-03 | 5 | +7.9% | 3.3 | Corn closed higher on commercial and technical buying after the US-China 90-day ceasefire on Dec 3. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2021-11-12 | [Soybean meal leads beans, corn higher - Brownfield Ag News](https://feedsoft.ai/events/7050-soybean-meal-leads-beans-corn-higher-brownfield-ag-news.md) | +4.4% | +4.6% |
| SOY | 2016-10-27 | [Demand supports soybeans, corn - Brownfield Ag News](https://feedsoft.ai/events/9242-demand-supports-soybeans-corn-brownfield-ag-news.md) | -3.3% | +3.6% |
| SOY | 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) | +0.0% | +6.0% |
| SOY | 2019-02-01 | [Soybeans, corn up, but waiting for more details on China - Brownfield Ag News](https://feedsoft.ai/events/60636-soybeans-corn-up-but-waiting-for-more-details-on-china-brownfield-ag-news.md) | -0.2% | -1.7% |
| SOY | 2017-09-22 | [Solid demand supports soybeans, corn - Brownfield Ag News](https://feedsoft.ai/events/68987-solid-demand-supports-soybeans-corn-brownfield-ag-news.md) | -1.2% | +1.6% |
| CORN | 2019-04-29 | [Corn firm, but below day's highs - Brownfield Ag News](https://feedsoft.ai/events/10960-corn-firm-but-below-day-s-highs-brownfield-ag-news.md) | +0.1% | +6.9% |
| CORN | 2021-11-12 | [Soybean meal leads beans, corn higher - Brownfield Ag News](https://feedsoft.ai/events/7050-soybean-meal-leads-beans-corn-higher-brownfield-ag-news.md) | -1.1% | +3.4% |
| CORN | 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) | -4.7% | -2.5% |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/soybeans-corn-up-but-off-days-highs/

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