# New export sales support soybeans, corn - Brownfield Ag News

> Soybeans and soybean meal rose on commercial buying, with China buying 198,000 tons of US beans and unknown destinations buying 378,000 tons. South Korea bought 276,000 tons of US corn, and USDA may raise its export estimate. Statistics Canada put its 2016 soybean crop at a record.

- Date: 2016-12-06 · published 2016-12-06T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/6328-new-export-sales-support-soybeans-corn-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

Fresh export sales from China and South Korea draw down US supplies and support prices for soybeans and corn. Firm meal demand also supports feed ingredient costs.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 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 | 2017-05-16 | [Soybeans up on new export sale - Brownfield Ag News](https://feedsoft.ai/events/71066-soybeans-up-on-new-export-sale-brownfield-ag-news.md) | -0.9% | -3.4% |
| SOY | 2017-10-05 | [Good week for corn, soybean export sales - Brownfield Ag News](https://feedsoft.ai/events/68550-good-week-for-corn-soybean-export-sales-brownfield-ag-news.md) | +0.7% | +2.4% |
| 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% |
| CORN | 2023-10-05 | [Export sales support corn - Brownfield Ag News](https://feedsoft.ai/events/33729-export-sales-support-corn-brownfield-ag-news.md) | -0.1% | -3.0% |
| 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 | 2017-10-05 | [Good week for corn, soybean export sales - Brownfield Ag News](https://feedsoft.ai/events/68550-good-week-for-corn-soybean-export-sales-brownfield-ag-news.md) | -0.7% | -1.0% |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/new-export-sales-support-soybeans-corn-2/

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