# Bulls take control of CBOT soybeans while funds' corn long nears three-year high

> CBOT soybeans gained as smaller US soybean estimates, dry weather in Argentina and slow starts to Brazil's harvest weighed on supply. Global 2024-25 soybean production and ending stocks are still projected at record highs. Speculative corn longs were near a three-year high.

- Date: 2025-01-21 · published 2025-01-21T12:00:00.000Z
- Category: weather · region Global · magnitude medium
- Page: https://feedsoft.ai/events/11805-bulls-take-control-of-cbot-soybeans-while-funds-corn-long-nears-three-year-high
- 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

Dry weather in Argentina and a smaller US crop tighten near-term soybean and soymeal supplies, supporting prices despite record global stocks.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2019-05-28 | [Corn futures hit three-year high after rains prolong planting delays](https://feedsoft.ai/events/5438-corn-futures-hit-three-year-high-after-rains-prolong-planting-delays.md) | +5.9% | +9.6% |
| SOY | 2018-01-19 | [Soybean meal pulls soybeans, corn higher - Brownfield Ag News](https://feedsoft.ai/events/12096-soybean-meal-pulls-soybeans-corn-higher-brownfield-ag-news.md) | +2.0% | +5.3% |
| SOY | 2020-11-06 | [Column: Soybeans blast to 4-year high \| Business \| journalgazette.net](https://feedsoft.ai/events/12428-column-soybeans-blast-to-4-year-high-business-journalgazette-net.md) | +3.2% | +5.6% |
| SOY | 2019-10-21 | [Ohio corn, soybean yields to be lowest in 10-plus years](https://feedsoft.ai/events/56418-ohio-corn-soybean-yields-to-be-lowest-in-10-plus-years.md) | -1.5% | -1.7% |
| SOY | 2017-06-07 | [Corn, soybeans higher on weather concerns - Brownfield Ag News](https://feedsoft.ai/events/70428-corn-soybeans-higher-on-weather-concerns-brownfield-ag-news.md) | +1.0% | +5.7% |
| SBM | 2018-01-19 | [Soybean meal pulls soybeans, corn higher - Brownfield Ag News](https://feedsoft.ai/events/12096-soybean-meal-pulls-soybeans-corn-higher-brownfield-ag-news.md) | +3.7% | +13.8% |
| SBM | 2019-07-16 | [110˚F. Weather to Take Toll on Late-Planted Corn, Soybeans](https://feedsoft.ai/events/57922-110-f-weather-to-take-toll-on-late-planted-corn-soybeans.md) | -1.0% | -6.3% |
| SBM | 2017-07-14 | [Corn, Soybean Futures Climb After Week of Losses \| Fox Business](https://feedsoft.ai/events/11082-corn-soybean-futures-climb-after-week-of-losses-fox-business.md) | +4.3% | -7.1% |

## Sources

- reuters.com: https://www.reuters.com/markets/europe/bulls-take-control-cbot-soybeans-while-funds-corn-long-nears-three-year-high-2025-01-21/

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