# U.S. grains: Soy up on exports, biodiesel hopes - Grainews

> Chicago soybean futures rose nearly 1% on strong export demand, higher soyoil and smaller pod counts reported on the Farm Journal Midwest Crop Tour. Export sales of over two million tonnes for the September-start shipping season beat analyst estimates. Soyoil gained after a US Commerce Department decision to impose duties on subsidized Argentine biodiesel imports.

- Date: 2017-08-24 · published 2017-08-24T12:00:00.000Z
- Category: market · region US · magnitude medium
- Page: https://feedsoft.ai/events/69487-u-s-grains-soy-up-on-exports-biodiesel-hopes-grainews
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Tighter US soybean and soyoil supplies and the biodiesel duties support soybean and soyoil prices, while weaker pod counts put USDA's record crop forecast at risk.

## Read by commodity

- SBM: neutral
- SBO: bullish ▲
- SOY: bullish ▲

## Sources

- grainews.ca: https://www.grainews.ca/daily/u-s-grains-soy-up-on-exports-biodiesel-hopes/

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