# US soybean, soybean meal futures surge post-holiday - The Jacobsen

> January soybeans settled up 12.75 cents at $9.88 per bushel on December 26, and January soybean meal jumped $12.80 to $305.70 per short ton. March wheat and March corn also rose. Weather forecasts showed near-normal rain for most of Brazil but dryness in southern Brazil and Argentina.

- Date: 2024-12-26 · published 2024-12-26T12:00:00.000Z
- Category: weather · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/11399-us-soybean-soybean-meal-futures-surge-post-holiday-the-jacobsen
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Dryness forecasts for southern Brazil and Argentina lift expectations of tighter South American supply, which supports soybean and meal prices. The meal rally reflects that concern.

## Read by commodity

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

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SBM | 2024-12-26 | 5 | +7.4% | 2.9 | Documents the Dec 26 post-holiday surge in January meal (+$12.80 to $305.70) on Argentine and southern Brazil dryness, which accounts for part of the 5-day gain. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2024-09-27 | [US soybean, soymeal futures surge following hurricane damage](https://feedsoft.ai/events/28389-us-soybean-soymeal-futures-surge-following-hurricane-damage.md) | +0.5% | -4.3% |
| SOY | 2022-02-01 | [Organic Soybean Meal Prices Reach Tipping Point as Conventional Prices Surge - The Jacobsen](https://feedsoft.ai/events/12634-organic-soybean-meal-prices-reach-tipping-point-as-conventional-prices-surge.md) | +6.1% | +14.4% |
| SOY | 2026-01-30 | [Soybean Futures Surge on Strong Meal Demand, Argentina Weather](https://feedsoft.ai/events/21077-soybean-futures-surge-on-strong-meal-demand-argentina-weather.md) | +3.7% | +7.9% |
| 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 | 2019-05-29 | [Dalian soybean meal prices are up 3% this morning - the](https://feedsoft.ai/events/8251-dalian-soybean-meal-prices-are-up-3-this-morning-the.md) | +3.0% | +5.5% |
| SBM | 2024-09-27 | [US soybean, soymeal futures surge following hurricane damage](https://feedsoft.ai/events/28389-us-soybean-soymeal-futures-surge-following-hurricane-damage.md) | +2.7% | -5.1% |
| SBM | 2022-02-01 | [Organic Soybean Meal Prices Reach Tipping Point as Conventional Prices Surge - The Jacobsen](https://feedsoft.ai/events/12634-organic-soybean-meal-prices-reach-tipping-point-as-conventional-prices-surge.md) | +7.2% | +7.8% |
| SBM | 2026-01-30 | [Soybean Futures Surge on Strong Meal Demand, Argentina Weather](https://feedsoft.ai/events/21077-soybean-futures-surge-on-strong-meal-demand-argentina-weather.md) | +2.0% | +8.8% |

## Sources

- thejacobsen.com: https://thejacobsen.com/2024/12/26/us-soybean-soybean-meal-futures-surge-post-holiday/

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