# How about those soybeans!

> USDA's August 12 crop reports projected record US corn and soybean production, and futures fell on the report before rebounding overnight. Soybeans led gains in overnight trade on strong Chinese demand and concerns over flooding.

- Date: 2016-08-15 · published 2016-08-15T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/9955-how-about-those-soybeans
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Strong Chinese import demand and flood-related supply worries support soybean prices, partly offsetting the bearish effect of record US output.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲
- CORN: neutral

## Sources

- farmprogress.com: https://www.farmprogress.com/soybean/how-about-those-soybeans-

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