# Grains And Oilseeds News In Brief

> Turkey resumed imports of Russian wheat and revoked its duty on sunflower oil imports. Algeria bought at least 50,000 tonnes of new-crop soft wheat at $198-198.5/mt, and China auctioned 2.139 million tonnes of 2013-crop corn at an average $199.64/mt.

- Date: 2017-05-12 · published 2017-05-12T12:00:00.000Z
- Category: trade · region Global · magnitude medium
- Page: https://feedsoft.ai/events/71123-grains-and-oilseeds-news-in-brief
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Turkish reopening to Russian wheat and the lower sunflower oil duty add import demand, while Chinese state corn auctions add supply, a mixed picture for grain prices.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2017-04-20 | [Grains And Oilseeds News In Brief](https://feedsoft.ai/events/71368-grains-and-oilseeds-news-in-brief.md) | +1.3% | +0.1% |
| WHEAT | 2021-05-20 | [Brisk exports cut into grain, oilseed stocks \| The Western Producer](https://feedsoft.ai/events/47065-brisk-exports-cut-into-grain-oilseed-stocks-the-western-producer.md) | -2.5% | +2.7% |
| WHEAT | 2018-05-22 | [Dry weather and better trade news strengthen soybeans, grains - Brownfield Ag News](https://feedsoft.ai/events/10840-dry-weather-and-better-trade-news-strengthen-soybeans-grains-brownfield-ag-news.md) | +0.7% | -1.4% |
| WHEAT | 2017-04-25 | [News from Russia and Ukraine](https://feedsoft.ai/events/71358-news-from-russia-and-ukraine.md) | +3.6% | +2.1% |
| WHEAT | 2017-04-04 | [News from Russia and Ukraine](https://feedsoft.ai/events/71361-news-from-russia-and-ukraine.md) | +0.2% | +4.1% |
| CORN | 2019-02-27 | [Grain, oilseed rally fizzles - Brownfield Ag News](https://feedsoft.ai/events/11850-grain-oilseed-rally-fizzles-brownfield-ag-news.md) | -0.7% | +1.2% |
| CORN | 2018-05-24 | [Grains, oilseeds can't follow through on early gains - Brownfield Ag News](https://feedsoft.ai/events/10839-grains-oilseeds-can-t-follow-through-on-early-gains-brownfield-ag-news.md) | -2.0% | -9.0% |
| CORN | 2023-06-21 | [China intensifies imports of grains and oilseeds amid lower world prices](https://feedsoft.ai/events/14833-china-intensifies-imports-of-grains-and-oilseeds-amid-lower-world-prices.md) | -3.2% | -12.0% |

## Sources

- grainsprices.com: https://grainsprices.com/article/12549

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