# Soybeans supported by possible trade talks - Brownfield Ag News

> Soybeans rose sharply on commercial and technical buying after President Trump said he and President Xi would meet at the G20 summit in Argentina. China's tariff on US beans remains in place, and US export sales continued to be weak. The USDA reported a September soybean crush of 169 million bushels, below expectations.

- Date: 2018-11-01 · published 2018-11-01T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/62110-soybeans-supported-by-possible-trade-talks-brownfield-ag-news
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Prospects of a US-China meeting support soybean and meal prices, but ongoing tariffs and weak exports limit the upside for feed buyers.

## Read by commodity

- SBM: bullish ▲
- SBO: bullish ▲
- SOY: bullish ▲
- CORN: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SOY | 2018-10-31 | 1 | +3.6% | 3.6 | Soybeans rose sharply on commercial and technical buying after Trump said he and Xi would meet at the G20; the trade-talk hopes are a plausible demand and sentiment driver, though the article is dated Nov 1 and the move may have started in the final hours of Oct 31. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2017-09-13 | [Soybeans supported by new export sale to China - Brownfield Ag News](https://feedsoft.ai/events/68860-soybeans-supported-by-new-export-sale-to-china-brownfield-ag-news.md) | +1.3% | +4.7% |
| CORN | 2016-10-27 | [Demand supports soybeans, corn - Brownfield Ag News](https://feedsoft.ai/events/9242-demand-supports-soybeans-corn-brownfield-ag-news.md) | -2.9% | -2.3% |
| CORN | 2016-12-06 | [New export sales support soybeans, corn - Brownfield Ag News](https://feedsoft.ai/events/6328-new-export-sales-support-soybeans-corn-brownfield-ag-news.md) | +1.5% | -0.5% |
| CORN | 2016-06-17 | [Weather, demand support soybeans, corn - Brownfield Ag News](https://feedsoft.ai/events/10753-weather-demand-support-soybeans-corn-brownfield-ag-news.md) | -5.7% | -14.2% |
| CORN | 2018-07-31 | [Soybeans surge on weather, talks with China - Brownfield Ag News](https://feedsoft.ai/events/64054-soybeans-surge-on-weather-talks-with-china-brownfield-ag-news.md) | +8.8% | -2.8% |
| SOY | 2017-09-13 | [Soybeans supported by new export sale to China - Brownfield Ag News](https://feedsoft.ai/events/68860-soybeans-supported-by-new-export-sale-to-china-brownfield-ag-news.md) | +2.3% | +2.3% |
| SOY | 2021-10-15 | [Soybeans supported by recent export sales - Brownfield Ag News](https://feedsoft.ai/events/44416-soybeans-supported-by-recent-export-sales-brownfield-ag-news.md) | +1.5% | +0.5% |
| SOY | 2016-10-27 | [Demand supports soybeans, corn - Brownfield Ag News](https://feedsoft.ai/events/9242-demand-supports-soybeans-corn-brownfield-ag-news.md) | -3.3% | +3.6% |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/soybeans-supported-by-possible-trade-talks/

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