# Commitments haven’t moved markets - Brownfield Ag News

> A soybean farmer at Commodity Classic said markets have not moved much after China's latest verbal commitments to buy US soybeans. American Soybean Association director Ronnie Russell said the industry is working to develop new markets in North Africa, India, Southeast Asia, Japan and the EU.

- Date: 2019-03-01 · published 2019-03-01T12:00:00.000Z
- Category: trade · region US · magnitude low
- Page: https://feedsoft.ai/events/60119-commitments-haven-t-moved-markets-brownfield-ag-news
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Verbal purchase commitments without firm contracts have not lifted prices, so buyers should not expect a rally until actual Chinese buying shows up in export sales.

## Read by commodity

- SOY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2021-08-24 | [China’s "Phase One" trade commitments expire soon, then what? - Brownfield Ag News](https://feedsoft.ai/events/45415-china-s-phase-one-trade-commitments-expire-soon-then-what-brownfield-ag-news.md) | +0.8% | -1.5% |
| SOY | 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) | -2.8% | -2.8% |
| SOY | 2017-03-20 | [Corn finishes modestly lower on profit taking - Brownfield Ag News](https://feedsoft.ai/events/10728-corn-finishes-modestly-lower-on-profit-taking-brownfield-ag-news.md) | -2.4% | -4.7% |
| SOY | 2019-02-27 | [Grain, oilseed rally fizzles - Brownfield Ag News](https://feedsoft.ai/events/11850-grain-oilseed-rally-fizzles-brownfield-ag-news.md) | -0.3% | -0.3% |
| SOY | 2020-05-15 | [Soybeans down, despite demand from China - Brownfield Ag News](https://feedsoft.ai/events/53164-soybeans-down-despite-demand-from-china-brownfield-ag-news.md) | -0.0% | +4.3% |

## Sources

- brownfieldagnews.com: https://www.brownfieldagnews.com/special-reports/commitments-havent-moved-markets/

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