# Soybeans, corn shrug off USDA numbers - Brownfield Ag News

> Soybeans and corn closed modestly higher on the day after the USDA report, driven by short covering and technical buying. Reports of new US-China trade talks, with Beijing open to cutting auto tariffs, added some support, and the USDA raised Brazil's soybean production and exports.

- Date: 2018-12-11 · published 2018-12-11T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/61510-soybeans-corn-shrug-off-usda-numbers-brownfield-ag-news
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Corn](https://feedsoft.ai/c/CORN.md), [DDGS](https://feedsoft.ai/c/DDGS.md)

## Why it matters

Possible progress in US-China trade talks could revive soybean and corn export demand, which supports prices. Strong Brazilian supply, however, limits the upside.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲
- CORN: bullish ▲
- DDGS: bullish ▲

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/soybeans-corn-shrug-off-usda-numbers/

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