# Another round of commercial support for wheat - Brownfield Ag News

> Chicago wheat futures rose on commercial and technical buying, while soybeans edged higher on short covering. Analysts expect a large U.S. soybean crop, and China bought another 132,000 tons of new-crop U.S. beans.

- Date: 2017-09-27 · published 2017-09-27T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/69000-another-round-of-commercial-support-for-wheat-brownfield-ag-news
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Commercial buying supports wheat prices in the short term, but a large soybean crop and strong stocks limit upside in the soy complex.

## Read by commodity

- SOY: neutral
- WHEAT: bullish ▲

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/another-round-commercial-support-wheat/

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