# U.S. grains: Soymeal rally lifts soybean futures - AgCanada

> CBOT soybean futures rose to a 10-week high as soymeal jumped 1.7% to contract highs, lifted by dry weather in Argentina. Wheat fell after a rally faded and corn closed slightly lower.

- Date: 2018-02-14 · published 2018-02-14T12:00:00.000Z
- Category: weather · region Argentina · magnitude high
- Page: https://feedsoft.ai/events/10004-u-s-grains-soymeal-rally-lifts-soybean-futures-agcanada
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [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

Expected Argentine export shortfalls from drought tighten soymeal supply, supporting feed protein prices while corn and wheat remain weighed by the broader grain complex.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2021-07-14 | [U.S. grains: Corn, soybeans up on weather worries - AgCanada](https://feedsoft.ai/events/45918-u-s-grains-corn-soybeans-up-on-weather-worries-agcanada.md) | +2.5% | +1.3% |
| SBM | 2021-03-06 | [U.S. grains: Soy futures rally on dry Argentina weather - Grainews](https://feedsoft.ai/events/8633-u-s-grains-soy-futures-rally-on-dry-argentina-weather-grainews.md) | -5.6% | -4.7% |
| SBM | 2019-01-23 | [U.S. grains: Soybeans firm on South America weather worries - AgCanada](https://feedsoft.ai/events/7654-u-s-grains-soybeans-firm-on-south-america-weather-worries-agcanada.md) | -0.4% | -2.5% |
| SBM | 2024-05-06 | [U.S. grains: Wheat, soy, corn futures extend surge on volatile global weather - AgCanada](https://feedsoft.ai/events/11627-u-s-grains-wheat-soy-corn-futures-extend-surge-on-volatile-global-weather.md) | +1.1% | -0.2% |
| SBM | 2024-09-27 | [US soybean, soymeal futures surge following hurricane damage](https://feedsoft.ai/events/28389-us-soybean-soymeal-futures-surge-following-hurricane-damage.md) | +2.7% | -5.1% |
| SOY | 2024-04-22 | [U.S. grains: Wheat futures rally as weather risks rattle markets - AgCanada](https://feedsoft.ai/events/12140-u-s-grains-wheat-futures-rally-as-weather-risks-rattle-markets-agcanada.md) | +0.8% | +6.7% |
| SOY | 2018-03-01 | [U.S. grains: Wheat, soybean futures rally - Manitoba Co-operator](https://feedsoft.ai/events/12431-u-s-grains-wheat-soybean-futures-rally-manitoba-co-operator.md) | +1.0% | -2.6% |
| SOY | 2021-07-14 | [U.S. grains: Corn, soybeans up on weather worries - AgCanada](https://feedsoft.ai/events/45918-u-s-grains-corn-soybeans-up-on-weather-worries-agcanada.md) | +0.4% | +0.7% |

## Sources

- agcanada.com: https://www.agcanada.com/daily/u-s-grains-soymeal-rally-lifts-soybean-futures

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