# Soybeans, corn bounce off recent lows - Brownfield Ag News

> Soybeans and corn rallied modestly from recent lows on commercial and technical buying, though fundamentals remain bearish with an expected record U.S. crop and no progress in China trade talks. Reports indicate China may mandate lower soymeal ratios in feed, and Argentina's budget would raise soybean export taxes to 33% through 2020.

- Date: 2018-09-19 · published 2018-09-19T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/63101-soybeans-corn-bounce-off-recent-lows-brownfield-ag-news
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Bearish U.S. supply outlook and weak Chinese demand keep pressure on soybean and corn prices, while a possible cut in soymeal inclusion in China would reduce meal demand for feed buyers. Argentina's export tax hike could tighten global soymeal and oil availability and support meal prices.

## Read by commodity

- SBM: bearish ▼
- SOY: bullish ▲
- CORN: bullish ▲

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/soybeans-corn-bounce-off-recent-lows/

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