# Soybean & Soy Oil - Mundus Agri

> Soybean prices rebounded in international trade after the prior session's decline, while US weekly soybean export sales came in at 225,000 tonnes, below trade expectations of 400,000 to 800,000 tonnes. A USDA report showed US soybean planting expected to rise nearly 10% from last year, and Brazilian farmers are holding crops in anticipation of higher prices.

- Date: 2017-04-22 · published 2017-04-22T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/71602-soybean-and-soy-oil-mundus-agri
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Weak US export sales against a larger expected US planting area point to ample supply, though Brazilian farmer holding could support prices and US export demand in the near term. Traders will watch whether export sales pick up.

## Read by commodity

- SOY: neutral

## Sources

- mundus-agri.eu: https://www.mundus-agri.eu/news/soybean-soy-oil.n1148.html

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