# Heavy rainfall in Argentina supports soybeans, corn - Brownfield Ag News

> Heavy rain and flooding in northern Argentina damaged some of the season's soybean and corn crops. Brazil announced new farm subsidies for 2016/17 and 2017/18, and China is reportedly raising its ethanol import tariff from 5% to 30%.

- Date: 2017-01-17 · published 2017-01-17T12:00:00.000Z
- Category: weather · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/11025-heavy-rainfall-in-argentina-supports-soybeans-corn-brownfield-ag-news
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Crop losses in Argentina, the top soymeal exporter, tighten global meal supply and support feed prices. China's tariff move could also shift corn demand.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2017-05-01 | [Weather woes support corn, soybeans, wheat - Brownfield Ag News](https://feedsoft.ai/events/10482-weather-woes-support-corn-soybeans-wheat-brownfield-ag-news.md) | +1.9% | -2.0% |
| SOY | 2017-07-27 | [Weather forecasts support soybeans, corn - Brownfield Ag News](https://feedsoft.ai/events/7126-weather-forecasts-support-soybeans-corn-brownfield-ag-news.md) | -2.3% | -5.4% |
| SOY | 2020-07-02 | [Soybeans, corn extend rally - Brownfield Ag News](https://feedsoft.ai/events/12774-soybeans-corn-extend-rally-brownfield-ag-news.md) | +0.5% | -0.2% |
| SOY | 2020-06-29 | [Heavy rains + heat spell trouble for soybeans - Brownfield Ag News](https://feedsoft.ai/events/52454-heavy-rains-heat-spell-trouble-for-soybeans-brownfield-ag-news.md) | +3.9% | +4.8% |
| 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 | 2017-05-01 | [Weather woes support corn, soybeans, wheat - Brownfield Ag News](https://feedsoft.ai/events/10482-weather-woes-support-corn-soybeans-wheat-brownfield-ag-news.md) | +0.2% | -3.2% |
| SBM | 2020-07-02 | [Soybeans, corn extend rally - Brownfield Ag News](https://feedsoft.ai/events/12774-soybeans-corn-extend-rally-brownfield-ag-news.md) | +0.8% | -1.0% |
| 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% |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/heavy-rainfall-argentina-supports-soybeans-corn/

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