# CBOT weekly outlook: Soy recovers from wild week - Grainews

> CBOT soybeans plunged after China announced a 25% tariff on U.S. soybean imports, then recovered as buyers from Europe, Mexico and Argentina bought U.S. beans that had become cheaper than Brazilian supplies. USDA cut its global soybean ending stocks forecast to 90.8 million tonnes. May corn and soybean futures are near recent highs.

- Date: 2018-04-11 · published 2018-04-11T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/65551-cbot-weekly-outlook-soy-recovers-from-wild-week-grainews
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Export demand shifting to U.S. origin and lower global ending stocks support soybean prices despite the Chinese tariff, while corn remained largely unaffected.

## Read by commodity

- SOY: bullish ▲
- CORN: neutral

## Sources

- grainews.ca: https://www.grainews.ca/daily/cbot-weekly-outlook-soy-recovers-from-wild-week/

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