# Solid rally in grains, oilseeds - Brownfield Ag News

> Soybeans, meal, oil, corn and wheat rallied on commercial and technical buying late in the session on January 17. Traders cited dry weather in Brazil, wet conditions in Argentina, and reports that the US might lift tariffs on China ahead of the March deadline.

- Date: 2019-01-17 · published 2019-01-17T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/7653-solid-rally-in-grains-oilseeds-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

Weather risks in the two main South American competitors and hopes for a US-China trade deal support feed grain and meal prices. African swine fever and slower Chinese growth remain downside risks to demand.

## Read by commodity

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

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/solid-rally-in-grains-oilseeds/

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