# U.S. grains: Soy, corn futures end higher after setting multi-year lows - AgCanada

> CBOT soybean futures fell to their lowest since November 2021 and corn hit its lowest since December 2020 before closing higher on short covering. Beneficial rains in Brazil eased drought damage concerns in the world's top soybean exporter.

- Date: 2024-01-18 · published 2024-01-18T12:00:00.000Z
- Category: weather · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/11443-u-s-grains-soy-corn-futures-end-higher-after-setting-multi-year-lows-agcanada
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Improved Brazilian crop prospects point to ample global supplies, pressuring soy, corn and meal prices, though oversold conditions limited the decline.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2018-06-19 | [U.S. grains: Corn at contract lows, soy dips below $9 - AgCanada](https://feedsoft.ai/events/10574-u-s-grains-corn-at-contract-lows-soy-dips-below-9-agcanada.md) | -3.7% | -7.6% |
| SOY | 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) | -0.3% | -0.8% |
| SOY | 2025-06-26 | [U.S. grains: Chicago corn, soy linger at multi-month lows as weather weighs - Grainews](https://feedsoft.ai/events/24226-u-s-grains-chicago-corn-soy-linger-at-multi-month-lows-as-weather-weighs.md) | +2.5% | -2.0% |
| SOY | 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) | +4.0% | +7.1% |
| SOY | 2019-04-29 | [U.S. grains: Corn firms as rains stall planting - AgCanada](https://feedsoft.ai/events/10955-u-s-grains-corn-firms-as-rains-stall-planting-agcanada.md) | -2.8% | -2.8% |
| CORN | 2018-06-19 | [U.S. grains: Corn at contract lows, soy dips below $9 - AgCanada](https://feedsoft.ai/events/10574-u-s-grains-corn-at-contract-lows-soy-dips-below-9-agcanada.md) | -0.9% | -2.0% |
| CORN | 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) | +2.8% | +1.7% |
| CORN | 2025-06-26 | [U.S. grains: Chicago corn, soy linger at multi-month lows as weather weighs - Grainews](https://feedsoft.ai/events/24226-u-s-grains-chicago-corn-soy-linger-at-multi-month-lows-as-weather-weighs.md) | +4.6% | -1.5% |

## Sources

- agcanada.com: https://www.agcanada.com/daily/u-s-grains-soy-corn-futures-end-higher-after-setting-multi-year-lows

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