# The market rally after the reports - Agweek | #1 source for agriculture news, farming, markets

> Grain markets rallied in the third week of January 2022 after a batch of USDA reports the prior week brought little new information. Attention shifted to South American weather, with uneven rain in southern Brazil and heavy rain in Argentina, plus US export demand and wheat geopolitical concerns.

- Date: 2022-01-21 · published 2022-01-21T12:00:00.000Z
- Category: weather · region South America · magnitude medium
- Page: https://feedsoft.ai/events/10893-the-market-rally-after-the-reports-agweek-1-source-for-agriculture-news-farming
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Dryness in southern Brazil and Argentina cuts soybean and corn output expectations, supporting feed grain and meal prices. Mixed rain that arrived late gives only partial relief, so the rally is supported by yield risk.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲
- CORN: bullish ▲
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 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 | 2023-12-22 | [Grains respond to continued hot, dry weather in Brazil - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/11282-grains-respond-to-continued-hot-dry-weather-in-brazil-agweek-1-source-for.md) | -0.3% | -4.5% |
| 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 | 2026-07-25 | [Heat wave hits crops during crucial growing period - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/12982-heat-wave-hits-crops-during-crucial-growing-period-agweek-1-source-for.md) | -6.1% | -1.8% |
| CORN | 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) | +3.2% | +10.8% |
| CORN | 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) | +2.7% | -7.0% |
| CORN | 2023-05-26 | [From too wet, to too dry, weather takes control of market direction - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/13280-from-too-wet-to-too-dry-weather-takes-control-of-market-direction-agweek-1.md) | -4.9% | +0.1% |

## Sources

- agweek.com: https://www.agweek.com/business/markets/the-market-rally-after-the-reports

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