# Soybeans at 27-month high on Chinese demand, corn dips | Financial Post

> Chicago soybean futures hit their highest since June 2018 on Chinese demand, while corn traded near its highest since mid-March on Chinese crop losses. China stepped up U.S. soybean purchases, with USDA confirming 327,000 tonnes in sales.

- Date: 2020-09-17 · published 2020-09-17T12:00:00.000Z
- Category: trade · region China · magnitude high
- Page: https://feedsoft.ai/events/9343-soybeans-at-27-month-high-on-chinese-demand-corn-dips-financial-post
- 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

Chinese import demand for soybeans and corn is tightening global balance sheets and pushing prices higher, with China expected to import more corn after domestic losses.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2021-01-29 | [Corn holds firm near 7-1/2 year high on China demand \| Financial Post](https://feedsoft.ai/events/49182-corn-holds-firm-near-7-1-2-year-high-on-china-demand-financial-post.md) | +1.4% | +3.8% |
| SOY | 2019-10-23 | [Soybeans pare gains after surge on China demand prospects \| Financial Post](https://feedsoft.ai/events/56613-soybeans-pare-gains-after-surge-on-china-demand-prospects-financial-post.md) | -1.7% | -2.4% |
| SOY | 2022-06-10 | [Soybeans set for biggest weekly gain in 2 months on strong demand \| Financial Post](https://feedsoft.ai/events/40974-soybeans-set-for-biggest-weekly-gain-in-2-months-on-strong-demand-financial-post.md) | -3.4% | -7.2% |
| SOY | 2020-03-04 | [Soybeans rise on hopes for export demand, financial market gains \| Financial Post](https://feedsoft.ai/events/54186-soybeans-rise-on-hopes-for-export-demand-financial-market-gains-financial-post.md) | -2.2% | -0.8% |
| SOY | 2020-10-14 | [Soybeans rise on Chinese buying, dry Brazil weather \| Financial Post](https://feedsoft.ai/events/11786-soybeans-rise-on-chinese-buying-dry-brazil-weather-financial-post.md) | +1.9% | +9.0% |
| CORN | 2021-01-29 | [Corn holds firm near 7-1/2 year high on China demand \| Financial Post](https://feedsoft.ai/events/49182-corn-holds-firm-near-7-1-2-year-high-on-china-demand-financial-post.md) | +2.4% | -0.7% |
| CORN | 2022-06-10 | [Soybeans set for biggest weekly gain in 2 months on strong demand \| Financial Post](https://feedsoft.ai/events/40974-soybeans-set-for-biggest-weekly-gain-in-2-months-on-strong-demand-financial-post.md) | -1.2% | -1.0% |
| CORN | 2020-10-14 | [Soybeans rise on Chinese buying, dry Brazil weather \| Financial Post](https://feedsoft.ai/events/11786-soybeans-rise-on-chinese-buying-dry-brazil-weather-financial-post.md) | +2.8% | +6.2% |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/soybeans-at-27-month-high-on-chinese-demand-corn-dips

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