# Wheat up on oversold bounce - Brownfield Ag News

> Wheat rebounded on an oversold bounce while soybeans eased on fund selling. The trade is awaiting confirmation of the roughly 10 million tons of US soybean purchases China has been expected to make, which have not appeared in export sales data.

- Date: 2019-03-05 · published 2019-03-05T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/60132-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)

## Why it matters

Delayed Chinese buying keeps soybean and meal prices under pressure, and cheaper South American beans limit US export competitiveness. Possible planting delays could shift acreage and later supply.

## Read by commodity

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

## Sources

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

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