# WEEKLY GRAIN MOVEMENT: Strong river market support soybean bids

> Strong cash bids to move soybeans down the Mississippi to Gulf vessels supported inland prices, while farmers held back remaining old-crop supplies. Slower Brazilian soybean sales shifted buyers to the US, and the Brazilian real strengthened about 6% in July, to roughly 3.11 per dollar.

- Date: 2017-08-01 · published 2017-08-01T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/69339-weekly-grain-movement-strong-river-market-support-soybean-bids
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

Shifting export demand to US Gulf origin supports soybean and corn basis and export pricing. A stronger real makes Brazilian beans more expensive in dollar terms, which reinforces US competitiveness in the export market.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲
- USDBRL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2022-06-10 | [Soybeans set for biggest weekly gain in 2 months on strong demand \| Financial Post](https://feedsoft.ai/events/40974-soybeans-set-for-biggest-weekly-gain-in-2-months-on-strong-demand-financial-post.md) | -1.2% | -1.0% |
| CORN | 2021-04-13 | [China's Q1 soybean, grains imports surge on strong demand](https://feedsoft.ai/events/11178-china-s-q1-soybean-grains-imports-surge-on-strong-demand.md) | +1.5% | +23.9% |
| CORN | 2023-12-04 | [Weekly Grain Movement: Corn outperforms trade expectations](https://feedsoft.ai/events/32767-weekly-grain-movement-corn-outperforms-trade-expectations.md) | +1.7% | +3.1% |
| CORN | 2016-11-28 | [Soybeans rise 1.2 percent on strong U.S. exports, weaker dollar - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/73899-soybeans-rise-1-2-percent-on-strong-u-s-exports-weaker-dollar-agweek-1-source.md) | -3.4% | -1.4% |
| CORN | 2019-04-26 | [Grain market week in review - April 26, 2019](https://feedsoft.ai/events/10959-grain-market-week-in-review-april-26-2019.md) | +0.6% | +5.3% |
| SOY | 2019-08-26 | [Weekly Grain Movement – Another strong week for soybeans](https://feedsoft.ai/events/57555-weekly-grain-movement-another-strong-week-for-soybeans.md) | +1.6% | +5.8% |
| SOY | 2026-10-28 | [Strong Chinese demand supports soybean recovery in Chicago - SAFRAS & Market](https://feedsoft.ai/events/140-strong-chinese-demand-supports-soybean-recovery-in-chicago-safras-and-market.md) | -1.6% | — |
| SOY | 2022-06-10 | [Soybeans set for biggest weekly gain in 2 months on strong demand \| Financial Post](https://feedsoft.ai/events/40974-soybeans-set-for-biggest-weekly-gain-in-2-months-on-strong-demand-financial-post.md) | -3.4% | -7.2% |

## Sources

- farmprogress.com: https://www.farmprogress.com/marketing/weekly-grain-movement-strong-river-market-support-soybean-bids
- feedstuffs.com: https://www.feedstuffs.com/grain-market-news/weekly-grain-movement-strong-river-market-supports-soybean-bids

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