# Minneapolis leads wheat complex higher - Brownfield Ag News

> Soybeans, soybean meal and bean oil were modestly higher while corn eased on profit taking. Wheat rose led by Minneapolis on demand for higher-protein varieties, with traders watching Ukraine tensions, cold in southern Russia and dry U.S. Plains forecasts.

- Date: 2017-02-02 · published 2017-02-02T12:00:00.000Z
- Category: weather · region Global · magnitude low
- Page: https://feedsoft.ai/events/8598-minneapolis-leads-wheat-complex-higher-brownfield-ag-news
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [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)

## Why it matters

Dry weather risk in the Plains and Russia and firm protein demand support wheat, while Argentine and Brazilian rain sustains South American supply expectations that limit soy and corn gains.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2019-09-27 | [Minneapolis wheat futures rally on poor spring crop - Brownfield Ag News](https://feedsoft.ai/events/57103-minneapolis-wheat-futures-rally-on-poor-spring-crop-brownfield-ag-news.md) | +0.6% | -1.3% |
| WHEAT | 2022-12-07 | [Soybeans, meal extend gains, with corn, wheat higher - Brownfield Ag News](https://feedsoft.ai/events/38367-soybeans-meal-extend-gains-with-corn-wheat-higher-brownfield-ag-news.md) | +10.0% | +8.7% |
| WHEAT | 2024-12-05 | [Wheat prices higher amid Russian quality concerns - Brownfield Ag News](https://feedsoft.ai/events/27013-wheat-prices-higher-amid-russian-quality-concerns-brownfield-ag-news.md) | +1.1% | +1.9% |
| WHEAT | 2017-06-07 | [Corn, soybeans higher on weather concerns - Brownfield Ag News](https://feedsoft.ai/events/70428-corn-soybeans-higher-on-weather-concerns-brownfield-ag-news.md) | -0.9% | +1.9% |
| WHEAT | 2017-04-28 | [Wheat supported by weather concerns - Brownfield Ag News](https://feedsoft.ai/events/71544-wheat-supported-by-weather-concerns-brownfield-ag-news.md) | +2.4% | +1.5% |
| KWHEAT | 2024-12-05 | [Wheat prices higher amid Russian quality concerns - Brownfield Ag News](https://feedsoft.ai/events/27013-wheat-prices-higher-amid-russian-quality-concerns-brownfield-ag-news.md) | +4.4% | +2.1% |
| KWHEAT | 2017-06-29 | [Wheat surges on weather concerns in Plains - Brownfield Ag News](https://feedsoft.ai/events/9719-wheat-surges-on-weather-concerns-in-plains-brownfield-ag-news.md) | +15.0% | +4.2% |
| KWHEAT | 2018-08-21 | [Wheat market slowly turning bullish - Brownfield Ag News](https://feedsoft.ai/events/63574-wheat-market-slowly-turning-bullish-brownfield-ag-news.md) | -8.3% | -5.7% |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/minneapolis-leads-wheat-complex-higher/

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