# CBOT soybeans reach new high over Argentina drought concerns - Xinhua | English.news.cn

> CBOT soybeans settled above 10 dollars per bushel, reaching their highest level since late July after drought in Argentina lifted prices. Corn eased slightly and wheat fell after gaining over 3 percent the previous session on dryness in the US southern Plains. Analysts said the Argentine drought was expected to deepen into late February.

- Date: 2018-02-14 · published 2018-02-14T12:00:00.000Z
- Category: weather · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/10481-cbot-soybeans-reach-new-high-over-argentina-drought-concerns-xinhua-english
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Argentina is a major soybean and meal exporter, so a deepening drought would cut export supply and keep soybean prices elevated. The price rally is tied directly to a weather-driven supply risk.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2026-02-13 | [Argentina's drought continues to hit corn, soy \| Latest Market News](https://feedsoft.ai/events/13809-argentina-s-drought-continues-to-hit-corn-soy-latest-market-news.md) | +0.0% | +6.5% |
| SOY | 2022-12-14 | [Concerns over Argentine soybean crop raises meal prices in Brazil - DatamarNews](https://feedsoft.ai/events/38321-concerns-over-argentine-soybean-crop-raises-meal-prices-in-brazil-datamarnews.md) | -0.1% | +3.4% |
| 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 | 2023-02-14 | [Soybean Meal Futures Rise On Argentina Drought](https://feedsoft.ai/events/37454-soybean-meal-futures-rise-on-argentina-drought.md) | +0.4% | -2.8% |
| SOY | 2025-01-22 | [CBOT corn and soybean prices surge amid drought in Argentina – ProAgri Media](https://feedsoft.ai/events/11810-cbot-corn-and-soybean-prices-surge-amid-drought-in-argentina-proagri-media.md) | -2.1% | -3.3% |
| SBM | 2026-02-13 | [Argentina's drought continues to hit corn, soy \| Latest Market News](https://feedsoft.ai/events/13809-argentina-s-drought-continues-to-hit-corn-soy-latest-market-news.md) | -0.0% | +6.9% |
| SBM | 2022-12-14 | [Concerns over Argentine soybean crop raises meal prices in Brazil - DatamarNews](https://feedsoft.ai/events/38321-concerns-over-argentine-soybean-crop-raises-meal-prices-in-brazil-datamarnews.md) | +0.4% | +11.5% |
| SBM | 2023-02-14 | [Soybean Meal Futures Rise On Argentina Drought](https://feedsoft.ai/events/37454-soybean-meal-futures-rise-on-argentina-drought.md) | -2.3% | -2.7% |

## Sources

- xinhuanet.com: http://www.xinhuanet.com/english/2018-02/14/c_136973896.htm

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