# GRAIN MARKETS: Soybeans step higher on South American weather

> Soybean prices rose about 0.4% as continued dryness in Argentina raised doubts about yield potential, with planted area slipping to 44.5 million acres. US drought expanded to 60.93% of the country by January 16, the widest since September 2013. Wheat and corn moved in opposite directions on technical trading.

- Date: 2018-01-19 · published 2018-01-19T12:00:00.000Z
- Category: weather · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/12099-grain-markets-soybeans-step-higher-on-south-american-weather
- 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

Argentine yield doubts and expanding US drought support soybean prices, and the US drought could affect 2018 crop expectations. Price effects are moderate so far given limited confirmed crop loss.

## Read by commodity

- SOY: bullish ▲
- CORN: neutral
- WHEAT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2019-01-23 | [U.S. grains: Soybeans firm on South America weather worries - AgCanada](https://feedsoft.ai/events/7654-u-s-grains-soybeans-firm-on-south-america-weather-worries-agcanada.md) | +1.1% | -0.7% |
| SOY | 2022-02-11 | [Soybeans set for 4th weekly gain on South American crop woes - Markets - Business Recorder](https://feedsoft.ai/events/42735-soybeans-set-for-4th-weekly-gain-on-south-american-crop-woes-markets-business.md) | +1.1% | +7.4% |
| SOY | 2021-08-24 | [Dry weather risk for 2021/22 South American crops: Grain market daily \| AHDB](https://feedsoft.ai/events/45430-dry-weather-risk-for-2021-22-south-american-crops-grain-market-daily-ahdb.md) | +0.8% | -1.5% |
| SOY | 2016-04-19 | [South America weather, politics push soybean prices higher \| Farm Progress](https://feedsoft.ai/events/10298-south-america-weather-politics-push-soybean-prices-higher-farm-progress.md) | +4.8% | +11.6% |
| SOY | 2020-10-05 | [Grain Markets Start the Week Higher - ProAg](https://feedsoft.ai/events/11633-grain-markets-start-the-week-higher-proag.md) | +4.4% | +3.5% |
| CORN | 2017-02-07 | [Markets waiting for certainty on South American summer crop - Grain Central](https://feedsoft.ai/events/72338-markets-waiting-for-certainty-on-south-american-summer-crop-grain-central.md) | +1.9% | +1.6% |
| CORN | 2026-02-24 | [Corn and soybean supply at risk: South America 2026 South America weather risk puts global corn and soybean supply on edge \| Kpler - Feb 24, 2026](https://feedsoft.ai/events/13808-corn-and-soybean-supply-at-risk-south-america-2026-south-america-weather-risk.md) | +1.5% | +7.0% |
| CORN | 2017-12-14 | [South American crop and weather update - Morning Ag Clips](https://feedsoft.ai/events/67327-south-american-crop-and-weather-update-morning-ag-clips.md) | +2.3% | +2.4% |

## Sources

- feedstuffs.com: https://www.feedstuffs.com/grain-market-news/grain-markets-soybeans-step-higher-on-south-american-weather

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