# U.S. grains: Soy up for fourth session on Argentina crop concerns | Farmtario

> US soybean futures rose for a fourth straight session to a six-month high on worries that heavy rain could damage Argentine crops. Soymeal also hit a six-month high, while wheat and corn closed lower on profit-taking.

- Date: 2017-01-18 · published 2017-01-18T12:00:00.000Z
- Category: weather · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/11027-u-s-grains-soy-up-for-fourth-session-on-argentina-crop-concerns-farmtario
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Argentina is the top soymeal exporter, so crop damage there would tighten global meal supplies and raise feed protein costs.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲
- CORN: neutral
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2024-07-26 | [U.S. grains: Soy tumbles as U.S. rain forecast offers relief \| Farmtario](https://feedsoft.ai/events/29281-u-s-grains-soy-tumbles-as-u-s-rain-forecast-offers-relief-farmtario.md) | -4.8% | -7.0% |
| WHEAT | 2017-01-11 | [U.S. grains: Wheat hits one-week low on Plains forecasts \| Farmtario](https://feedsoft.ai/events/73032-u-s-grains-wheat-hits-one-week-low-on-plains-forecasts-farmtario.md) | +0.6% | +4.9% |
| WHEAT | 2022-01-05 | [U.S. grains: Soybeans up with session peak highest since July - AgCanada](https://feedsoft.ai/events/5774-u-s-grains-soybeans-up-with-session-peak-highest-since-july-agcanada.md) | +4.2% | +7.8% |
| WHEAT | 2019-09-11 | [U.S. grains: Soybeans, corn ease on crop-boosting weather - AgCanada](https://feedsoft.ai/events/9148-u-s-grains-soybeans-corn-ease-on-crop-boosting-weather-agcanada.md) | +2.1% | +1.0% |
| WHEAT | 2019-07-02 | [U.S. grains: Corn, soy ease on warmer weather - AgCanada](https://feedsoft.ai/events/58125-u-s-grains-corn-soy-ease-on-warmer-weather-agcanada.md) | -1.9% | -3.5% |
| CORN | 2022-03-18 | [Soybeans rise on firm vegoils, Argentina crop concerns; corn steady - Markets - Business Recorder](https://feedsoft.ai/events/42293-soybeans-rise-on-firm-vegoils-argentina-crop-concerns-corn-steady-markets.md) | +0.0% | +6.2% |
| CORN | 2017-02-07 | [Markets waiting for certainty on South American summer crop - Grain Central](https://feedsoft.ai/events/72338-markets-waiting-for-certainty-on-south-american-summer-crop-grain-central.md) | +1.9% | +1.6% |
| CORN | 2022-01-20 | [Argentina rains cap crop losses from drought, weather experts say - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/43039-argentina-rains-cap-crop-losses-from-drought-weather-experts-say-agweek-1.md) | +1.6% | +6.7% |

## Sources

- farmtario.com: https://farmtario.com/daily/u-s-grains-soy-up-for-fourth-session-on-argentina-crop-concerns/
- manitobacooperator.ca: https://www.manitobacooperator.ca/daily/u-s-grains-soy-up-for-fourth-session-on-argentina-crop-concerns/

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