# Modest support from weather worries - Brownfield Ag News

> Soybeans, meal and wheat firmed modestly on short covering and weather concerns across the US, Canada, Europe and Australia. A first Chinese soybean shipment from the US since the tariffs was reported, and China's July soybean imports fell to just over 8 million tons.

- Date: 2018-08-08 · published 2018-08-08T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/63596-modest-support-from-weather-worries-brownfield-ag-news
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Weather risks and a resumed US soybean flow to China support soy and meal prices, while China's weaker imports cap gains. The move is routine and modest.

## Read by commodity

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

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/modest-support-from-weather-worries/

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