# U.S. grains: Soy firms on technicals - AgCanada

> U.S. soybean futures rose after testing technical support, supported by strong weekly export sales of 2.008 million tonnes, above trade forecasts, and a flash sale of 132,000 tonnes to China. Corn and wheat futures weakened on profit-taking.

- Date: 2016-12-15 · published 2016-12-15T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/73483-u-s-grains-soy-firms-on-technicals-agcanada
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Strong export demand tightens the U.S. soybean balance sheet and supports prices, while the softer corn and wheat tone points to lower values for those grains.

## Read by commodity

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

## Sources

- agcanada.com: https://www.agcanada.com/daily/u-s-grains-soy-firms-on-technicals

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