# Soybeans supported by continued solid demand - Brownfield Ag News

> Soybeans rose on commercial and technical buying near multi-month highs, supported by strong export inspections topping 2 million tons. Brazil's soybean crop was projected at 102.6 million tons, and Argentina's planting was 39% complete. Corn was mixed and wheat was mixed across markets.

- Date: 2016-11-28 · published 2016-11-28T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/73897-soybeans-supported-by-continued-solid-demand-brownfield-ag-news
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Strong US export demand supports soybeans and meal, but a large Brazilian crop expected next year will cap gains later. Buyers should watch South American supply as the main downside risk.

## Read by commodity

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

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/soybeans-supported-continued-solid-demand/

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