# Commercial demand pushes soybeans higher - Brownfield Ag News

> Soybeans closed higher on commercial and technical buying and spillover from meal, though export demand is slow and supplies are ample. Soybean meal rose sharply while soybean oil fell. Corn and wheat also gained, and Statistics Canada reported lower canola and soybean acreage for 2018.

- Date: 2018-04-27 · published 2018-04-27T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/65550-commercial-demand-pushes-soybeans-higher-brownfield-ag-news
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Stronger meal prices raise the cost of protein feed, while lower Canadian oilseed plantings tighten the outlook for oilseed meal supply.

## Read by commodity

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

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/commercial-demand-pushes-soybeans-higher/

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