# Limited business headed into long holiday weekend - Brownfield Ag News

> Soybeans finished the week of December 22, 2023 up 4.5 cents after trading lower most of the week on a wetter South American forecast. Corn was pressured by disrupted Mexico exports after rail crossings were closed, and wheat was weighed by Russia's export competition. US Customs reopened the crossings on Friday.

- Date: 2023-12-22 · published 2023-12-22T12:00:00.000Z
- Category: weather · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/11284-limited-business-headed-into-long-holiday-weekend-brownfield-ag-news
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Rain in Brazil reduces the weather premium on soybeans, while Russian wheat competition caps US wheat prices. Reopened Mexican rail lanes should help corn and wheat move.

## Read by commodity

- SOY: neutral
- CORN: neutral
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2020-10-06 | [Dry, milder weather across the Heartland - Brownfield Ag News](https://feedsoft.ai/events/50498-dry-milder-weather-across-the-heartland-brownfield-ag-news.md) | +1.2% | +2.9% |
| SOY | 2018-03-16 | [Argentine soybean losses likely priced in - Brownfield Ag News](https://feedsoft.ai/events/10382-argentine-soybean-losses-likely-priced-in-brownfield-ag-news.md) | -1.1% | +1.3% |
| SOY | 2017-04-28 | [Wheat supported by weather concerns - Brownfield Ag News](https://feedsoft.ai/events/71544-wheat-supported-by-weather-concerns-brownfield-ag-news.md) | +2.1% | -0.7% |
| SOY | 2018-07-30 | [Farmers say harvest success depends on August weather - Brownfield Ag News](https://feedsoft.ai/events/63868-farmers-say-harvest-success-depends-on-august-weather-brownfield-ag-news.md) | +1.8% | -3.3% |
| SOY | 2019-12-10 | [Missouri River to drop below flood stage by week's end - Brownfield Ag News](https://feedsoft.ai/events/55743-missouri-river-to-drop-below-flood-stage-by-week-s-end-brownfield-ag-news.md) | +2.8% | +4.6% |
| CORN | 2017-04-28 | [Wheat supported by weather concerns - Brownfield Ag News](https://feedsoft.ai/events/71544-wheat-supported-by-weather-concerns-brownfield-ag-news.md) | -0.2% | +2.7% |
| CORN | 2019-12-10 | [Missouri River to drop below flood stage by week's end - Brownfield Ag News](https://feedsoft.ai/events/55743-missouri-river-to-drop-below-flood-stage-by-week-s-end-brownfield-ag-news.md) | +4.3% | +3.9% |
| CORN | 2024-08-28 | [A wide-range of temps & weather across the Heartland and beyond - Brownfield Ag News](https://feedsoft.ai/events/13161-a-wide-range-of-temps-and-weather-across-the-heartland-and-beyond-brownfield-ag.md) | +4.4% | +6.8% |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/limited-business-headed-into-long-holiday-weekend/

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