# Soybeans rise 1.2 percent on strong U.S. exports, weaker dollar - Agweek | #1 source for agriculture news, farming, markets

> Chicago soybeans rose 1.2 percent to $10.58 a bushel on November 28, reaching their highest since July on strong weekly U.S. export sales of nearly 1.9 million tonnes and a weaker dollar. Higher 2017 advanced biofuel mandates also supported prices, with wheat and corn posting smaller gains.

- Date: 2016-11-28 · published 2016-11-28T12:00:00.000Z
- Category: trade · region US · magnitude low
- Page: https://feedsoft.ai/events/73899-soybeans-rise-1-2-percent-on-strong-u-s-exports-weaker-dollar-agweek-1-source
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Oil](https://feedsoft.ai/c/SBO.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

Robust export sales and biofuel demand are tightening the soybean balance, supporting prices and meal and oil values. A weaker dollar also makes US beans more competitive abroad.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2016-08-18 | [Exports support soy; corn, wheat rise on short-covering - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/12516-exports-support-soy-corn-wheat-rise-on-short-covering-agweek-1-source-for.md) | +0.0% | -7.8% |
| SOY | 2020-07-16 | [Higher Chinese feed demand boosts US corn and soybean exports - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/52129-higher-chinese-feed-demand-boosts-us-corn-and-soybean-exports-agweek-1-source.md) | +1.5% | +0.5% |
| SOY | 2020-04-24 | [China buying more US beef and soybeans - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/53504-china-buying-more-us-beef-and-soybeans-agweek-1-source-for-agriculture-news.md) | +1.3% | -0.5% |
| SOY | 2018-09-02 | [U.S., Mexico reach agreement on key trade provisions - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/63004-u-s-mexico-reach-agreement-on-key-trade-provisions-agweek-1-source-for.md) | +0.1% | +3.0% |
| SOY | 2018-12-13 | [USDA confirms sale of 1.13 million tons of soybeans to China - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/61445-usda-confirms-sale-of-1-13-million-tons-of-soybeans-to-china-agweek-1-source.md) | -2.2% | -2.3% |
| SBO | 2024-12-23 | [U.S. soybean meal reaches record exports, driven by increased crush capacity and global demand - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/11402-u-s-soybean-meal-reaches-record-exports-driven-by-increased-crush-capacity-and.md) | +0.3% | +10.6% |
| SBO | 2019-01-20 | [Even slightly bullish news gives markets some movement - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/12388-even-slightly-bullish-news-gives-markets-some-movement-agweek-1-source-for.md) | +4.4% | +2.5% |
| SBO | 2020-03-04 | [Soybeans rise on hopes for export demand, financial market gains \| Financial Post](https://feedsoft.ai/events/54186-soybeans-rise-on-hopes-for-export-demand-financial-market-gains-financial-post.md) | -4.9% | -6.3% |

## Sources

- agweek.com: https://www.agweek.com/business/soybeans-rise-1-2-percent-on-strong-u-s-exports-weaker-dollar

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