# Commercial demand supports grains and oilseeds - Brownfield Ag News

> Brownfield's daily wrap says soybeans, corn and wheat rose on commercial and technical buying, while soybean oil fell. USDA raised its 2016/17 soybean oil for biodiesel estimate to 6.2 billion pounds following the EPA revision, and Japan bought US and Canadian wheat.

- Date: 2016-12-09 · published 2016-12-09T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/73344-commercial-demand-supports-grains-and-oilseeds-brownfield-ag-news
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Higher USDA biodiesel use estimates support soybean oil demand, while the meal and oil spread shift affects crush margins and feed meal values.

## Read by commodity

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

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/commercial-demand-supports-grains-oilseeds-7/

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