# Soybeans surge on weather, talks with China - Brownfield Ag News

> Soybeans rose sharply on July 31, with August 2018 through 2019 contracts back above $9 a bushel, on technical buying and talk of US-China trade discussions between Treasury Secretary Mnuchin and Vice Premier Liu. Corn was modestly higher, and crop stress concerns were noted for both crops, with the USDA's first survey-based corn estimate due August 10.

- Date: 2018-07-31 · published 2018-07-31T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/64054-soybeans-surge-on-weather-talks-with-china-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

Chinese tariffs have cut US soybean demand, so a deal to resume purchases would be bullish, while weaker Chinese crush margins argue against near-term buying. Warm, dry forecasts for pod-setting add upside risk to soybeans and meal.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2019-09-13 | [Soybeans up, waiting for more on China - Brownfield Ag News](https://feedsoft.ai/events/9441-soybeans-up-waiting-for-more-on-china-brownfield-ag-news.md) | +3.9% | +5.5% |
| 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 | 2018-11-01 | [Soybeans supported by possible trade talks - Brownfield Ag News](https://feedsoft.ai/events/62110-soybeans-supported-by-possible-trade-talks-brownfield-ag-news.md) | +3.6% | -4.4% |
| CORN | 2019-02-01 | [Soybeans, corn up, but waiting for more details on China - Brownfield Ag News](https://feedsoft.ai/events/60636-soybeans-corn-up-but-waiting-for-more-details-on-china-brownfield-ag-news.md) | -0.3% | -0.8% |
| SOY | 2025-05-12 | [Soybeans surge on temporary tariff cut - Brownfield Ag News](https://feedsoft.ai/events/9503-soybeans-surge-on-temporary-tariff-cut-brownfield-ag-news.md) | +0.6% | +1.1% |
| SOY | 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) | -0.9% | -5.5% |
| SOY | 2019-09-13 | [Soybeans up, waiting for more on China - Brownfield Ag News](https://feedsoft.ai/events/9441-soybeans-up-waiting-for-more-on-china-brownfield-ag-news.md) | +1.1% | +4.6% |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/soybeans-surge-on-weather-talks-with-china/

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