# Soybeans up on sale to China, weak U.S. dollar index - Brownfield Ag News

> Soybeans rose modestly on commercial buying and a weaker dollar index that backed off 14-year highs. China bought 132,000 tons of 2016/17 US soybeans, and Egypt and other importers bought wheat.

- Date: 2016-12-21 · published 2016-12-21T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/73337-soybeans-up-on-sale-to-china-weak-u-s-dollar-index-brownfield-ag-news
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Continued Chinese purchases support US soybean demand, while a softer dollar makes US exports cheaper abroad.

## Read by commodity

- DXY: bearish ▼
- SBM: neutral
- SOY: bullish ▲
- CORN: bearish ▼
- WHEAT: neutral

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/soybeans-sale-china-weak-u-s-dollar-index/

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