# South America weather, politics push soybean prices higher | Farm Progress

> Soybean prices rose on political uncertainty in Brazil and weather problems in Argentina, where heavy rains slowed harvest and crusher deliveries. Estimates suggest Argentine soybean output could fall 2-3 million tonnes, and some crushers have cut run rates, reducing expected meal exports by 250,000 to 500,000 tonnes.

- Date: 2016-04-19 · published 2016-04-19T12:00:00.000Z
- Category: weather · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/10298-south-america-weather-politics-push-soybean-prices-higher-farm-progress
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Reduced Argentine crush and meal exports tighten global soymeal supply, supporting soybean meal and soybean prices while buyers wait for drier conditions.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2018-01-19 | [GRAIN MARKETS: Soybeans step higher on South American weather](https://feedsoft.ai/events/12099-grain-markets-soybeans-step-higher-on-south-american-weather.md) | +2.0% | +5.3% |
| SOY | 2017-07-27 | [Drier Weather Pushes Grain, Soybean Futures Higher \| Fox Business](https://feedsoft.ai/events/7124-drier-weather-pushes-grain-soybean-futures-higher-fox-business.md) | -2.3% | -5.4% |
| SOY | 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) | +1.1% | -0.7% |
| SOY | 2017-08-30 | [Cool weather continues to slow corn and soybean maturity levels \| Farm Progress](https://feedsoft.ai/events/69303-cool-weather-continues-to-slow-corn-and-soybean-maturity-levels-farm-progress.md) | +3.6% | +3.7% |
| SOY | 2022-02-25 | [Soybean Prices Rise as Drought in South America Reduces Harvest - farmdoc daily](https://feedsoft.ai/events/42625-soybean-prices-rise-as-drought-in-south-america-reduces-harvest-farmdoc-daily.md) | +1.1% | +2.4% |
| 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 | 2022-02-25 | [Soybean Prices Rise as Drought in South America Reduces Harvest - farmdoc daily](https://feedsoft.ai/events/42625-soybean-prices-rise-as-drought-in-south-america-reduces-harvest-farmdoc-daily.md) | -0.1% | +5.6% |
| SBM | 2022-02-28 | [Soybean Prices Rise as South American Drought Reduces Harvest \| Feed & Grain](https://feedsoft.ai/events/14055-soybean-prices-rise-as-south-american-drought-reduces-harvest-feed-and-grain.md) | +4.2% | +9.0% |

## Sources

- farmprogress.com: https://www.farmprogress.com/marketing/south-america-weather-politics-push-soybean-prices-higher

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