# Farming News - Oilseed Market Report: Prices rise on weather concerns

> Oilseed markets rallied sharply as heavy fund buying lifted soybeans and soybean meal, driven by wet weather in Argentina delaying harvest and damaging crops. Rapeseed followed soybeans higher as traders covered short positions.

- Date: 2016-04-22 · published 2016-04-22T12:00:00.000Z
- Category: weather · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/10300-farming-news-oilseed-market-report-prices-rise-on-weather-concerns
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Harvest delays and crop damage in Argentina tighten near-term soybean and meal supply, lifting oilseed prices, though the analyst cautions that the move may already be extended.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲
- CANMEAL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2016-06-06 | [Soybeans rise on U.S. weather view; wheat, corn firm - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/9123-soybeans-rise-on-u-s-weather-view-wheat-corn-firm-agweek-1-source-for.md) | +4.1% | +3.2% |
| SOY | 2016-07-14 | [Chicago corn hits 2-week high on U.S. crop concerns - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/4939-chicago-corn-hits-2-week-high-on-u-s-crop-concerns-agweek-1-source-for.md) | -9.0% | -9.8% |
| SOY | 2017-06-29 | [Wheat surges on weather concerns in Plains - Brownfield Ag News](https://feedsoft.ai/events/9719-wheat-surges-on-weather-concerns-in-plains-brownfield-ag-news.md) | +7.3% | +8.8% |
| SOY | 2019-05-19 | [Markets finally respond to wet weather - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/5629-markets-finally-respond-to-wet-weather-agweek-1-source-for-agriculture-news.md) | +1.0% | +11.1% |
| SOY | 2020-08-28 | [Farming News - ADM Wheat & OSR weekly market update](https://feedsoft.ai/events/51661-farming-news-adm-wheat-and-osr-weekly-market-update.md) | +3.4% | +7.0% |
| SBM | 2018-09-03 | [Feed prices ‘unsustainable’ as tough market conditions impact egg producer margins - FarmingUK News](https://feedsoft.ai/events/63040-feed-prices-unsustainable-as-tough-market-conditions-impact-egg-producer.md) | +4.0% | +2.2% |
| SBM | 2022-01-21 | [The market rally after the reports - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/10893-the-market-rally-after-the-reports-agweek-1-source-for-agriculture-news-farming.md) | +0.6% | +10.5% |
| SBM | 2017-07-14 | [Soybeans, corn supported by renewed weather concerns - Brownfield Ag News](https://feedsoft.ai/events/69796-soybeans-corn-supported-by-renewed-weather-concerns-brownfield-ag-news.md) | +4.3% | -7.1% |

## Sources

- farming.co.uk: https://farming.co.uk/news/oilseed-market-report%3A-prices-rise-on-weather-concerns

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