# Export demand supports corn - Brownfield Ag News

> Corn rose on commercial and technical buying after solid weekly export numbers and a Saudi Arabia purchase of 210,000 tons of old-crop US corn. Soybeans fell on profit-taking, while soybean meal rose and wheat gained. Argentina's soybean crop estimate was cut to 55 million tons.

- Date: 2016-05-12 · published 2016-05-12T12:00:00.000Z
- Category: trade · region US · magnitude low
- Page: https://feedsoft.ai/events/9924-export-demand-supports-corn-brownfield-ag-news
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Export purchases tighten old-crop US corn supplies, and US Gulf prices below Brazil could attract more export interest. This supports corn prices.

## Read by commodity

- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2016-10-27 | [Demand supports soybeans, corn - Brownfield Ag News](https://feedsoft.ai/events/9242-demand-supports-soybeans-corn-brownfield-ag-news.md) | -2.9% | -2.3% |
| CORN | 2023-10-05 | [Export sales support corn - Brownfield Ag News](https://feedsoft.ai/events/33729-export-sales-support-corn-brownfield-ag-news.md) | -0.1% | -3.0% |
| 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 | 2017-02-07 | [Good export demand boosts corn futures - Brownfield Ag News](https://feedsoft.ai/events/72528-good-export-demand-boosts-corn-futures-brownfield-ag-news.md) | +1.9% | +1.6% |
| 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/export-demand-supports-corn/

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