# Soybeans Close 10¢ Higher, Friday

> CME soybean futures closed sharply higher on Friday, with May soybeans up about 10¾ cents to $9.09¼ and July up to $9.23. Wheat and soymeal also rose, while soybean oil settled slightly lower. Traders cited fund short covering, wet weather delaying planting, and optimism over expanded Chinese agricultural imports.

- Date: 2019-03-15 · published 2019-03-15T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/8264-soybeans-close-10-higher-friday
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Short covering and planting delays from wet weather tighten expectations for supply, supporting soybean and corn prices. Soymeal strength reflects the same crush-driven demand picture.

## Read by commodity

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

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| WHEAT | 2019-03-18 | 1 | +2.2% | 3.1 | Friday's higher soybeans and wheat on fund short covering and wet-weather planting delays reflect sentiment spillover into the next session. |

## Sources

- agriculture.com: https://www.agriculture.com/markets/analysis/farm-markets-ignore-huge-soybean-sale-to-china

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