# Soybeans rise on vegetable oil rally; corn consolidates | Financial Post

> Chicago soybean futures rose for a fourth straight session, supported by tight vegetable oil markets and strong edible oil demand. Corn was flat ahead of USDA planting estimates, and wheat eased on favorable U.S. growing conditions. Brazil's rain-delayed soybean harvest and improving Argentine moisture limited gains.

- Date: 2021-03-24 · published 2021-03-24T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/8505-soybeans-rise-on-vegetable-oil-rally-corn-consolidates-financial-post
- 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)

## Why it matters

Vegetable oil tightness supports soybean values, while favorable U.S. crop conditions weigh on wheat. Upcoming USDA planting data is the next catalyst for corn and soybeans.

## Read by commodity

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

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/soybeans-rise-on-vegetable-oil-rally-corn-consolidates-2

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