# Corn, wheat, soy rally on U.S.-China trade hopes, export demand | Financial Post

> Corn, wheat and soybean futures rose after President Trump said a China deal was 'very close' and US negotiators offered to suspend tariffs due Dec. 15. USDA confirmed a 1.6 million tonne private corn sale to Mexico, the fifth-largest daily corn sale on record. Export commitments outside Mexico were at record lows.

- Date: 2019-12-12 · published 2019-12-12T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/6298-corn-wheat-soy-rally-on-u-s-china-trade-hopes-export-demand-financial-post
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

A large Mexican corn purchase and hopes for China tariff relief support demand and prices. Record-low commitments elsewhere show competitive gaps with South American supply.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2020-03-20 | [Wheat extends rally as China demand assessed \| Financial Post](https://feedsoft.ai/events/7271-wheat-extends-rally-as-china-demand-assessed-financial-post.md) | -6.6% | -2.9% |
| WHEAT | 2020-03-20 | [U.S. wheat, soy rise after export deals; corn sags on ethanol woes \| Financial Post](https://feedsoft.ai/events/6108-u-s-wheat-soy-rise-after-export-deals-corn-sags-on-ethanol-woes-financial-post.md) | -6.6% | -2.9% |
| 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 | 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 | 2020-10-23 | [Corn Futures Extend Rally to 14-Month High on U.S. Export Demand](https://feedsoft.ai/events/5712-corn-futures-extend-rally-to-14-month-high-on-u-s-export-demand.md) | -0.1% | -4.5% |
| SOY | 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) | -1.9% | -2.1% |
| SOY | 2020-08-03 | [U.S. wheat futures fall on U.S. export woes; corn, soybeans firm \| Financial Post](https://feedsoft.ai/events/51658-u-s-wheat-futures-fall-on-u-s-export-woes-corn-soybeans-firm-financial-post.md) | -3.0% | +5.9% |
| SOY | 2020-03-20 | [Wheat extends rally as China demand assessed \| Financial Post](https://feedsoft.ai/events/7271-wheat-extends-rally-as-china-demand-assessed-financial-post.md) | +4.4% | -1.3% |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/corn-wheat-soy-rally-on-u-s-china-trade-hopes-export-demand
- foxbusiness.com: https://www.foxbusiness.com/markets/corn-wheat-soy-rally-on-u-s-china-trade-hopes-export-demand

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