# Demand supports soybeans, corn - Brownfield Ag News

> Brownfield reports soybeans rose on strong weekly export sales of over 70 million bushels and new USDA sales of 396,000 tons to China. Corn gained on commercial and technical buying, and China bought 204,000 tons of U.S. sorghum. Wheat was mostly higher, with Kansas City and Minneapolis holding steady, and South Korea bought 65,000 tons of feed wheat.

- Date: 2016-10-27 · published 2016-10-27T12:00:00.000Z
- Category: trade · region US · magnitude low
- Page: https://feedsoft.ai/events/9242-demand-supports-soybeans-corn-brownfield-ag-news
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Sorghum](https://feedsoft.ai/c/SORGHUM.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Export demand from China and South Korea supports U.S. soybeans, corn, sorghum and wheat prices. Ample global wheat supplies limit the upside.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲
- WHEAT: neutral
- SORGHUM: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2017-09-22 | [Solid demand supports soybeans, corn - Brownfield Ag News](https://feedsoft.ai/events/68987-solid-demand-supports-soybeans-corn-brownfield-ag-news.md) | -1.2% | +1.6% |
| SOY | 2016-06-17 | [Weather, demand support soybeans, corn - Brownfield Ag News](https://feedsoft.ai/events/10753-weather-demand-support-soybeans-corn-brownfield-ag-news.md) | -0.9% | -5.5% |
| SOY | 2016-12-06 | [New export sales support soybeans, corn - Brownfield Ag News](https://feedsoft.ai/events/6328-new-export-sales-support-soybeans-corn-brownfield-ag-news.md) | -1.2% | -3.6% |
| SOY | 2022-01-31 | [Soybeans up on export demand, supply concerns - Brownfield Ag News](https://feedsoft.ai/events/43182-soybeans-up-on-export-demand-supply-concerns-brownfield-ag-news.md) | +5.7% | +11.9% |
| SOY | 2020-09-19 | [Soybeans, corn, wheat extend demand driven rally - Brownfield Ag News](https://feedsoft.ai/events/12154-soybeans-corn-wheat-extend-demand-driven-rally-brownfield-ag-news.md) | -3.9% | +0.6% |
| CORN | 2016-06-17 | [Weather, demand support soybeans, corn - Brownfield Ag News](https://feedsoft.ai/events/10753-weather-demand-support-soybeans-corn-brownfield-ag-news.md) | -5.7% | -14.2% |
| CORN | 2016-05-12 | [Export demand supports corn - Brownfield Ag News](https://feedsoft.ai/events/9924-export-demand-supports-corn-brownfield-ag-news.md) | +2.3% | +9.3% |
| CORN | 2016-12-06 | [New export sales support soybeans, corn - Brownfield Ag News](https://feedsoft.ai/events/6328-new-export-sales-support-soybeans-corn-brownfield-ag-news.md) | +1.5% | -0.5% |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/demand-supports-soybeans-corn-2/

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