# Can soybeans make a move?

> Soybeans opened higher on Monday night after the three-day weekend, extending Friday's bullish reversal following a USDA report with mixed crop messages. A cold snap reached as far south as the Delta, while corn traded in the middle of its trends after a new contract low on Friday.

- Date: 2018-01-16 · published 2018-01-16T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/9197-can-soybeans-make-a-move
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Mixed USDA signals and a firm soybean open suggest near-term support for soybean prices, while heavy corn supplies keep corn under pressure.

## Read by commodity

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

## Sources

- farmprogress.com: https://www.farmprogress.com/marketing/can-soybeans-make-a-move-

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