# Soybeans, corn up, but waiting for more details on China - Brownfield Ag News

> Soybeans and corn rose on commercial and technical buying after reports that Beijing agreed in trade talks to buy 5 million tonnes of US soybeans. Details of the purchase remained unclear and no final agreement had been reached before the March 1 deadline.

- Date: 2019-02-01 · published 2019-02-01T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/60636-soybeans-corn-up-but-waiting-for-more-details-on-china-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

A Chinese purchase commitment supports US soybean prices, but uncertainty over details limits the rally and keeps the market sensitive to trade talk outcomes.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2019-09-13 | [Soybeans up, waiting for more on China - Brownfield Ag News](https://feedsoft.ai/events/9441-soybeans-up-waiting-for-more-on-china-brownfield-ag-news.md) | +1.1% | +4.6% |
| SOY | 2018-12-04 | [Soybeans, corn up, still waiting for trade deal details - Brownfield Ag News](https://feedsoft.ai/events/5833-soybeans-corn-up-still-waiting-for-trade-deal-details-brownfield-ag-news.md) | +1.0% | -0.6% |
| SOY | 2018-12-03 | [Soybeans, corn up, but off day's highs - Brownfield Ag News](https://feedsoft.ai/events/5834-soybeans-corn-up-but-off-day-s-highs-brownfield-ag-news.md) | +1.7% | +0.0% |
| SOY | 2018-07-27 | [Soybeans up on export sale, prospect for more - Brownfield Ag News](https://feedsoft.ai/events/64107-soybeans-up-on-export-sale-prospect-for-more-brownfield-ag-news.md) | +2.5% | -2.2% |
| SOY | 2021-01-26 | [Rally continues for soybeans, corn, wheat - Brownfield Ag News](https://feedsoft.ai/events/4062-rally-continues-for-soybeans-corn-wheat-brownfield-ag-news.md) | +1.6% | +4.7% |
| CORN | 2019-09-13 | [Soybeans up, waiting for more on China - Brownfield Ag News](https://feedsoft.ai/events/9441-soybeans-up-waiting-for-more-on-china-brownfield-ag-news.md) | +3.9% | +5.5% |
| CORN | 2018-12-04 | [Soybeans, corn up, still waiting for trade deal details - Brownfield Ag News](https://feedsoft.ai/events/5833-soybeans-corn-up-still-waiting-for-trade-deal-details-brownfield-ag-news.md) | +0.5% | +2.6% |
| CORN | 2018-12-03 | [Soybeans, corn up, but off day's highs - Brownfield Ag News](https://feedsoft.ai/events/5834-soybeans-corn-up-but-off-day-s-highs-brownfield-ag-news.md) | +6.8% | +8.4% |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/soybeans-corn-up-but-waiting-for-more-details-on-china/

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