# Soybean meal leads beans, corn higher - Brownfield Ag News

> Soybeans rose sharply on commercial and technical buying, with soymeal spillover on strong cash basis levels. China was the largest buyer in weekly soybean export sales, while some reports showed Beijing buying Brazilian beans. Corn also rose, supported by Chinese purchases from non-U.S. sources.

- Date: 2021-11-12 · published 2021-11-12T12:00:00.000Z
- Category: trade · region US · magnitude low
- Page: https://feedsoft.ai/events/7050-soybean-meal-leads-beans-corn-higher-brownfield-ag-news
- Commodities: [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

Tight Argentine meal supplies and strong basis support meal prices for feed buyers. Weaker Chinese demand for U.S. beans and corn limits upside.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2018-12-03 | [Soybeans, corn up, but off day's highs - Brownfield Ag News](https://feedsoft.ai/events/5834-soybeans-corn-up-but-off-day-s-highs-brownfield-ag-news.md) | +6.8% | +8.4% |
| CORN | 2016-10-27 | [Demand supports soybeans, corn - Brownfield Ag News](https://feedsoft.ai/events/9242-demand-supports-soybeans-corn-brownfield-ag-news.md) | -2.9% | -2.3% |
| CORN | 2016-06-17 | [Weather, demand support soybeans, corn - Brownfield Ag News](https://feedsoft.ai/events/10753-weather-demand-support-soybeans-corn-brownfield-ag-news.md) | -5.7% | -14.2% |
| CORN | 2016-12-06 | [New export sales support soybeans, corn - Brownfield Ag News](https://feedsoft.ai/events/6328-new-export-sales-support-soybeans-corn-brownfield-ag-news.md) | +1.5% | -0.5% |
| CORN | 2021-12-03 | [Soybean meal pulls soybeans, corn higher – KORN News Radio](https://feedsoft.ai/events/11709-soybean-meal-pulls-soybeans-corn-higher-korn-news-radio.md) | +7.1% | +2.4% |
| SOY | 2018-12-03 | [Soybeans, corn up, but off day's highs - Brownfield Ag News](https://feedsoft.ai/events/5834-soybeans-corn-up-but-off-day-s-highs-brownfield-ag-news.md) | +1.7% | +0.0% |
| SOY | 2016-10-27 | [Demand supports soybeans, corn - Brownfield Ag News](https://feedsoft.ai/events/9242-demand-supports-soybeans-corn-brownfield-ag-news.md) | -3.3% | +3.6% |
| SOY | 2016-06-17 | [Weather, demand support soybeans, corn - Brownfield Ag News](https://feedsoft.ai/events/10753-weather-demand-support-soybeans-corn-brownfield-ag-news.md) | -0.9% | -5.5% |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/soybean-meal-leads-beans-corn-higher/
- 1230kfjb.com: https://www.1230kfjb.com/2021/11/12/soybean-meal-leads-beans-corn-higher/

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