# Soybean meal pulls soybeans, corn higher - Brownfield Ag News

> Soybeans and corn rose modestly as soybean meal gained for a fifth session on commercial buying. Weekly US export sales beat expectations, though physical shipments remain slow, and South American dryness in Argentina added support. Wheat fell modestly on profit taking and a firmer dollar.

- Date: 2018-01-19 · published 2018-01-19T12:00:00.000Z
- Category: weather · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/12096-soybean-meal-pulls-soybeans-corn-higher-brownfield-ag-news
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Argentine dryness raises the risk of lower meal exports, which could shift demand toward US meal and support prices. Weather-driven uncertainty in South America is the main price driver for the soy complex.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2022-12-07 | [Soybeans, meal extend gains, with corn, wheat higher - Brownfield Ag News](https://feedsoft.ai/events/38367-soybeans-meal-extend-gains-with-corn-wheat-higher-brownfield-ag-news.md) | +1.7% | +0.8% |
| 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% |
| SOY | 2020-07-02 | [Soybeans, corn extend rally - Brownfield Ag News](https://feedsoft.ai/events/12774-soybeans-corn-extend-rally-brownfield-ag-news.md) | +0.5% | -0.2% |
| SOY | 2017-05-19 | [Demand props up soybeans, corn - Brownfield Ag News](https://feedsoft.ai/events/10223-demand-props-up-soybeans-corn-brownfield-ag-news.md) | -0.6% | -0.6% |
| SOY | 2017-05-01 | [Weather woes support corn, soybeans, wheat - Brownfield Ag News](https://feedsoft.ai/events/10482-weather-woes-support-corn-soybeans-wheat-brownfield-ag-news.md) | +1.9% | -2.0% |
| SBM | 2022-12-07 | [Soybeans, meal extend gains, with corn, wheat higher - Brownfield Ag News](https://feedsoft.ai/events/38367-soybeans-meal-extend-gains-with-corn-wheat-higher-brownfield-ag-news.md) | +0.8% | +8.3% |
| SBM | 2020-07-02 | [Soybeans, corn extend rally - Brownfield Ag News](https://feedsoft.ai/events/12774-soybeans-corn-extend-rally-brownfield-ag-news.md) | +0.8% | -1.0% |
| SBM | 2017-05-01 | [Weather woes support corn, soybeans, wheat - Brownfield Ag News](https://feedsoft.ai/events/10482-weather-woes-support-corn-soybeans-wheat-brownfield-ag-news.md) | +0.2% | -3.2% |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/soybean-meal-pulls-soybeans-corn-higher/

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