# Weekly Grain Movement - July 24, 2017 | Farm Progress

> River soybean bids firmed in the week to July 24 on high water, a slowdown in Brazilian farmer sales and expected Chinese buying of new-crop soybeans. Corn bids in river markets eased, and Gulf soybean basis rose while farmer selling stayed slow.

- Date: 2017-07-24 · published 2017-07-24T12:00:00.000Z
- Category: trade · region US · magnitude low
- Page: https://feedsoft.ai/events/69858-weekly-grain-movement-july-24-2017-farm-progress
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Expected Chinese demand and a shift of export business from Brazil support soybean prices, while softer corn bids point to weaker corn demand at the river. Shipping delays from high water add to the bullish soybean tone.

## Read by commodity

- SOY: bullish ▲
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2017-08-17 | [Weekly Export Report - China buys more soybeans \| Farm Progress](https://feedsoft.ai/events/69323-weekly-export-report-china-buys-more-soybeans-farm-progress.md) | +1.4% | +4.9% |
| SOY | 2017-08-01 | [WEEKLY GRAIN MOVEMENT: Strong river market support soybean bids](https://feedsoft.ai/events/69339-weekly-grain-movement-strong-river-market-support-soybean-bids.md) | -3.5% | -6.0% |
| SOY | 2018-10-06 | [Weekly feed grain and protein report Oct 6 2018 - Hoan Duong J.S.C](https://feedsoft.ai/events/12057-weekly-feed-grain-and-protein-report-oct-6-2018-hoan-duong-j-s-c.md) | -0.2% | +0.7% |
| SOY | 2020-07-17 | [Daily Market Wire 17 July 2020 - Grain Central](https://feedsoft.ai/events/6208-daily-market-wire-17-july-2020-grain-central.md) | +1.4% | +1.5% |
| CORN | 2025-11-01 | [Grains & Sugar Weekly](https://feedsoft.ai/events/6943-grains-and-sugar-weekly.md) | -0.7% | +2.3% |
| CORN | 2025-03-27 | [Feed Grain Weekly: More barley acres possible despite less demand - Grainews](https://feedsoft.ai/events/25647-feed-grain-weekly-more-barley-acres-possible-despite-less-demand-grainews.md) | +0.3% | +5.2% |
| CORN | 2023-05-01 | [Grain markets jittery as China cancels maize orders - Farmers Weekly](https://feedsoft.ai/events/35976-grain-markets-jittery-as-china-cancels-maize-orders-farmers-weekly.md) | +0.3% | -1.8% |

## Sources

- farmprogress.com: https://www.farmprogress.com/marketing/weekly-grain-movement-july-24-2017

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