# Soybeans, corn supported by renewed weather concerns - Brownfield Ag News

> Soybeans and corn rose on commercial and technical buying as forecasts called for hot, scattered-rain weather in the Plains and Midwest. USDA announced a sale of 1.3 million tons of new-crop U.S. soybeans to China, and a truck strike at a Brazilian port is expected to cause some export cancellations.

- Date: 2017-07-14 · published 2017-07-14T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/69796-soybeans-corn-supported-by-renewed-weather-concerns-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), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

The China purchase and Brazilian port disruption support U.S. soybean and meal demand, while weather risk to U.S. corn and spring wheat adds upside pressure on prices.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2017-06-07 | [Corn, soybeans higher on weather concerns - Brownfield Ag News](https://feedsoft.ai/events/70428-corn-soybeans-higher-on-weather-concerns-brownfield-ag-news.md) | +1.0% | +5.7% |
| SOY | 2017-05-01 | [Weather woes support corn, soybeans, wheat - Brownfield Ag News](https://feedsoft.ai/events/10482-weather-woes-support-corn-soybeans-wheat-brownfield-ag-news.md) | +1.9% | -2.0% |
| SOY | 2017-07-27 | [Weather forecasts support soybeans, corn - Brownfield Ag News](https://feedsoft.ai/events/7126-weather-forecasts-support-soybeans-corn-brownfield-ag-news.md) | -2.3% | -5.4% |
| SOY | 2020-08-28 | [Soybeans supported by demand, damage concerns - Brownfield Ag News](https://feedsoft.ai/events/51651-soybeans-supported-by-demand-damage-concerns-brownfield-ag-news.md) | +3.4% | +7.0% |
| SOY | 2023-08-25 | [More weather support for soybeans - Brownfield Ag News](https://feedsoft.ai/events/34665-more-weather-support-for-soybeans-brownfield-ag-news.md) | -0.4% | -5.1% |
| SBM | 2017-05-01 | [Weather woes support corn, soybeans, wheat - Brownfield Ag News](https://feedsoft.ai/events/10482-weather-woes-support-corn-soybeans-wheat-brownfield-ag-news.md) | +0.2% | -3.2% |
| SBM | 2020-08-28 | [Soybeans supported by demand, damage concerns - Brownfield Ag News](https://feedsoft.ai/events/51651-soybeans-supported-by-demand-damage-concerns-brownfield-ag-news.md) | +3.5% | +14.2% |
| SBM | 2018-03-01 | [Weather provides more support in corn, soybeans, and wheat - Brownfield Ag News](https://feedsoft.ai/events/66079-weather-provides-more-support-in-corn-soybeans-and-wheat-brownfield-ag-news.md) | -3.6% | -5.8% |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/soybeans-corn-supported-renewed-weather-concerns/

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