# Commercial demand supports soybeans, corn - Brownfield Ag News

> Soybeans and corn closed modestly higher on commercial and technical buying. NOPA reported a record December crush of 166.4 million bushels, and bean oil stocks rose while meal production and exports increased. South American weather and a USDA Argentina soybean outlook cut were also cited.

- Date: 2018-01-16 · published 2018-01-16T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/6907-commercial-demand-supports-soybeans-corn-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

A record crush supports meal supply and demand, while South American dryness and weather risks support soybean prices.

## Read by commodity

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

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/commercial-demand-supports-soybeans-corn-3/

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