# Soybeans finish firm on demand - Brownfield Ag News

> Soybeans closed modestly higher on commercial and technical buying, with strong demand and US Gulf prices trading below Brazil's ports. Soybean meal weakened while bean oil firmed, and corn and wheat hit new lows. Russian firm IKAR raised its Russian wheat production outlook to 79-82 million tonnes.

- Date: 2017-08-22 · published 2017-08-22T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/69488-soybeans-finish-firm-on-demand-brownfield-ag-news
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Strong US soybean demand and a higher Russian wheat outlook point to firm soybean prices and continued pressure on wheat, with meal weaker against oil.

## Read by commodity

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

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/good-demand-supports-soybeans/
- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/soybeans-finish-firm-demand/

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