# U.S. wheat, soy rise after export deals; corn sags on ethanol woes | Financial Post

> CBOT soybean and wheat futures rose on 20 March 2020 on Chinese buying of US commodities, while corn closed lower. Chinese importers signed deals for US corn and wheat in their first major purchases since the Phase 1 deal, and unknown buyers booked 110,000 tonnes of US soybeans.

- Date: 2020-03-20 · published 2020-03-20T12:00:00.000Z
- Category: trade · region US · magnitude high
- Page: https://feedsoft.ai/events/6108-u-s-wheat-soy-rise-after-export-deals-corn-sags-on-ethanol-woes-financial-post
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [DDGS](https://feedsoft.ai/c/DDGS.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Chinese purchases under the Phase 1 deal support export demand for US grains, while weak ethanol expectations keep corn pressured.

## Read by commodity

- SOY: bullish ▲
- WTI: bearish ▼
- CORN: bearish ▼
- DDGS: bearish ▼
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2020-10-20 | [U.S. corn, soy futures rise on strong exports; wheat firm on weather woes \| Financial Post](https://feedsoft.ai/events/50664-u-s-corn-soy-futures-rise-on-strong-exports-wheat-firm-on-weather-woes.md) | +0.0% | -4.6% |
| WHEAT | 2019-12-12 | [Corn, wheat, soy rally on U.S.-China trade hopes, export demand \| Financial Post](https://feedsoft.ai/events/6298-corn-wheat-soy-rally-on-u-s-china-trade-hopes-export-demand-financial-post.md) | +2.5% | +4.4% |
| WHEAT | 2017-10-19 | [U.S. grains: Soy, wheat, corn firm on export demand - AgCanada](https://feedsoft.ai/events/68544-u-s-grains-soy-wheat-corn-firm-on-export-demand-agcanada.md) | +0.2% | -3.0% |
| WHEAT | 2021-11-23 | [EU wheat exports ahead of last season, French data still lacking \| Financial Post](https://feedsoft.ai/events/43994-eu-wheat-exports-ahead-of-last-season-french-data-still-lacking-financial-post.md) | -2.6% | -4.0% |
| WHEAT | 2020-04-23 | [U.S. grains: Export hopes push soy, corn, wheat futures higher - Grainews](https://feedsoft.ai/events/53671-u-s-grains-export-hopes-push-soy-corn-wheat-futures-higher-grainews.md) | -1.1% | +0.1% |
| CORN | 2019-08-14 | [Soybean prices rise on U.S.-China trade hopes \| Financial Post](https://feedsoft.ai/events/11472-soybean-prices-rise-on-u-s-china-trade-hopes-financial-post.md) | -1.2% | -4.0% |
| CORN | 2022-12-07 | [Wheat steadies after one-year low, soybeans hold firm \| Financial Post](https://feedsoft.ai/events/6644-wheat-steadies-after-one-year-low-soybeans-hold-firm-financial-post.md) | +1.6% | +3.5% |
| CORN | 2023-04-24 | [US corn falls after China cancels purchases; drags wheat, soy lower](https://feedsoft.ai/events/10358-us-corn-falls-after-china-cancels-purchases-drags-wheat-soy-lower.md) | -0.7% | -9.9% |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/u-s-wheat-soybean-and-corn-futures-rise-on-export-demand
- financialpost.com: https://financialpost.com/pmn/business-pmn/u-s-wheat-soy-rise-after-export-deals-corn-sags-on-ethanol-woes-2

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