# Corn sees oversold bounce - Brownfield Ag News

> Soybeans firmed on commercial spread trade while corn rebounded modestly on short covering and technical buying. Private estimates put Brazil's crop near 117 million tons, and US-China trade talks are awaited ahead of a March 1 deadline. Hot, dry weather in parts of Brazil and wet conditions in Argentina were also cited.

- Date: 2019-01-16 · published 2019-01-16T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/61120-corn-sees-oversold-bounce-brownfield-ag-news
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Routine price moves driven by short covering, with Brazil weather and trade-talk hopes as background support for both corn and soybeans.

## Read by commodity

- SOY: neutral
- CORN: bullish ▲

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/corn-sees-oversold-bounce/

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