# Soybeans, corn supported by harvest delays - Brownfield Ag News

> Soybeans closed sharply higher on October 15, 2018, on speculative buying while USDA showed 38% of the crop harvested versus 53% on average after wet, cold weather. Rumors of China buying soymeal lifted meal and bean oil, while high Mississippi River water closed some locks. NOPA reported September soybean crush of 160.8 million bushels, up 18% year on year, and Brazil's planting was 20% complete.

- Date: 2018-10-15 · published 2018-10-15T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/8560-soybeans-corn-supported-by-harvest-delays-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), [Barge Freight (St. Louis)](https://feedsoft.ai/c/BARGE.md)

## Why it matters

Rumored Chinese meal demand and delayed US harvest support soybean, meal and oil prices. River lock closures add logistics cost pressure on barge movements.

## Read by commodity

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

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SBM | 2018-10-14 | 1 | +4.7% | 4.1 | Oct 15 soybeans closed sharply higher on harvest delays (38% vs 53% average), rumors of China buying soymeal and a strong NOPA crush, which lifted meal. |
| SBO | 2018-10-14 | 1 | +2.5% | 3.2 | Oct 15 soybean rally on harvest delays, China soymeal buying rumors and a record NOPA crush lifted bean oil, but it falls after the Oct 14 window end so it only partially fits. |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/soybeans-corn-supported-by-harvest-delays/

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