# Soybeans, meal up on more dry weather in Argentina - Brownfield Ag News

> Soybeans and soybean meal rose on continued dry weather across most of Argentina during key crop development phases. Brazil is expected to be dry near term, helping its harvest, and is still seen with a very large crop. Soybean oil fell on commercial spread adjustments.

- Date: 2018-02-13 · published 2018-02-13T12:00:00.000Z
- Category: weather · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/10479-soybeans-meal-up-on-more-dry-weather-in-argentina-brownfield-ag-news
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Argentina's yield losses tighten world soymeal supply, and Brazil and the US are expected to compete to fill the gap, which supports meal prices. Soybean oil's weakness reflects a different balance and does not offset the supply concern.

## Read by commodity

- SBM: bullish ▲
- SBO: bearish ▼
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2020-08-26 | [Soybeans up on weather, demand from China - Brownfield Ag News](https://feedsoft.ai/events/51480-soybeans-up-on-weather-demand-from-china-brownfield-ag-news.md) | +4.5% | +11.0% |
| SOY | 2023-08-25 | [More weather support for soybeans - Brownfield Ag News](https://feedsoft.ai/events/34665-more-weather-support-for-soybeans-brownfield-ag-news.md) | -0.4% | -5.1% |
| SOY | 2022-07-28 | [Soybeans continue to climb on weather concerns - Brownfield Ag News](https://feedsoft.ai/events/8747-soybeans-continue-to-climb-on-weather-concerns-brownfield-ag-news.md) | +0.4% | -3.5% |
| SOY | 2017-06-07 | [Corn, soybeans higher on weather concerns - Brownfield Ag News](https://feedsoft.ai/events/70428-corn-soybeans-higher-on-weather-concerns-brownfield-ag-news.md) | +1.0% | +5.7% |
| SOY | 2018-03-01 | [Weather provides more support in corn, soybeans, and wheat - Brownfield Ag News](https://feedsoft.ai/events/66079-weather-provides-more-support-in-corn-soybeans-and-wheat-brownfield-ag-news.md) | +1.0% | -2.6% |
| SBM | 2018-03-01 | [Weather provides more support in corn, soybeans, and wheat - Brownfield Ag News](https://feedsoft.ai/events/66079-weather-provides-more-support-in-corn-soybeans-and-wheat-brownfield-ag-news.md) | -3.6% | -5.8% |
| SBM | 2018-02-21 | [Argentina soybean losses could lead to new U.S. bean meal demand - Brownfield Ag News](https://feedsoft.ai/events/66586-argentina-soybean-losses-could-lead-to-new-u-s-bean-meal-demand-brownfield-ag.md) | +2.7% | -3.9% |
| SBM | 2017-01-17 | [Heavy rainfall in Argentina supports soybeans, corn - Brownfield Ag News](https://feedsoft.ai/events/11025-heavy-rainfall-in-argentina-supports-soybeans-corn-brownfield-ag-news.md) | +3.3% | +3.2% |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/soybeans-meal-dry-weather-argentina/

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