# U.S. grains: Markets set one-week highs on export hopes, weather woes - AgCanada

> U.S. grain and soybean futures hit one-week highs on July 18 as markets stabilized after falling to 10-year lows. Chinese buyers shifted to Brazilian beans due to a 25 percent tariff on U.S. soy, pushing Brazilian premiums higher, while U.S. Gulf beans were priced at a 25 percent discount to Brazil. November soybeans ended at $8.57 3/4.

- Date: 2018-07-19 · published 2018-07-19T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/64079-u-s-grains-markets-set-one-week-highs-on-export-hopes-weather-woes-agcanada
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

The discount on U.S. Gulf beans offsets the Chinese tariff for buyers and gives the market a floor, though Chinese demand remains the key driver of prices.

## Read by commodity

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

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| CORN | 2018-07-19 | 5 | +5.5% | 2.9 | Grain futures bounced to one-week highs on 18 July from 10-year lows on export hopes and weather worries, matching the rebound from oversold levels. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 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) | -0.9% | -0.8% |
| SOY | 2020-04-23 | [U.S. grains: Export hopes push soy, corn, wheat futures higher - Grainews](https://feedsoft.ai/events/53671-u-s-grains-export-hopes-push-soy-corn-wheat-futures-higher-grainews.md) | -0.4% | +1.4% |
| SOY | 2020-03-23 | [U.S. grains: Wheat jumps to one-month top - AgCanada](https://feedsoft.ai/events/6172-u-s-grains-wheat-jumps-to-one-month-top-agcanada.md) | +2.2% | -4.2% |
| SOY | 2018-12-03 | [U.S. grains: Soybeans strike post-harvest highs on trade truce - AgCanada](https://feedsoft.ai/events/5837-u-s-grains-soybeans-strike-post-harvest-highs-on-trade-truce-agcanada.md) | +1.7% | +0.0% |
| SOY | 2017-09-22 | [U.S. grains: Soy at six-week top on exports, yield uncertainty - Grainews](https://feedsoft.ai/events/68992-u-s-grains-soy-at-six-week-top-on-exports-yield-uncertainty-grainews.md) | -1.2% | +1.6% |
| 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 | 2020-04-23 | [U.S. grains: Export hopes push soy, corn, wheat futures higher - Grainews](https://feedsoft.ai/events/53671-u-s-grains-export-hopes-push-soy-corn-wheat-futures-higher-grainews.md) | -1.1% | +0.1% |
| WHEAT | 2020-03-23 | [U.S. grains: Wheat jumps to one-month top - AgCanada](https://feedsoft.ai/events/6172-u-s-grains-wheat-jumps-to-one-month-top-agcanada.md) | -6.6% | -4.4% |

## Sources

- agcanada.com: https://www.agcanada.com/daily/u-s-grains-markets-set-one-week-highs-on-export-hopes-weather-woes

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