# Soybeans up for 2nd session on Brazilian dryness; wheat rebounds - Markets - Business Recorder

> Chicago soybeans rose for a second session on hot, dry weather in Brazil that slowed planting. Brazil's soybean planting reached 68% as of Thursday, behind last year's pace. Wheat rebounded and corn edged lower, with a weaker dollar supporting grains.

- Date: 2023-11-21 · published 2023-11-21T12:00:00.000Z
- Category: weather · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/12256-soybeans-up-for-2nd-session-on-brazilian-dryness-wheat-rebounds-markets
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Slow Brazilian planting and heat stress threaten yields in the top soybean exporter, supporting soy and meal prices. A weaker dollar also makes US-priced grains cheaper for importers.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2024-09-26 | [Soybeans rise for fourth session on Brazilian weather woes - Markets - Business Recorder](https://feedsoft.ai/events/28339-soybeans-rise-for-fourth-session-on-brazilian-weather-woes-markets-business.md) | +0.3% | -5.3% |
| SOY | 2024-05-03 | [Soybeans, corn head for weekly gains as floods hit Brazil - Markets - Business Recorder](https://feedsoft.ai/events/10963-soybeans-corn-head-for-weekly-gains-as-floods-hit-brazil-markets-business.md) | +0.2% | +1.3% |
| 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 | 2024-05-06 | [Soybeans ease from 6-week high, but Brazilian crop woes limit downside - Markets - Business Recorder](https://feedsoft.ai/events/11631-soybeans-ease-from-6-week-high-but-brazilian-crop-woes-limit-downside-markets.md) | +0.3% | -1.4% |
| SOY | 2024-09-28 | [Soy futures soar on US weather woes - Markets - Business Recorder](https://feedsoft.ai/events/28337-soy-futures-soar-on-us-weather-woes-markets-business-recorder.md) | -2.6% | -7.3% |
| WHEAT | 2024-09-26 | [Soybeans rise for fourth session on Brazilian weather woes - Markets - Business Recorder](https://feedsoft.ai/events/28339-soybeans-rise-for-fourth-session-on-brazilian-weather-woes-markets-business.md) | +1.0% | -6.2% |
| WHEAT | 2025-07-31 | [Wheat down 1-3 cents, corn down 1-2, soybeans down 1-2 - Markets - Business Recorder](https://feedsoft.ai/events/23790-wheat-down-1-3-cents-corn-down-1-2-soybeans-down-1-2-markets-business-recorder.md) | -0.5% | -0.1% |
| WHEAT | 2024-09-27 | [Wheat falls on demand worries, but set for weekly gain - Markets - Business Recorder](https://feedsoft.ai/events/28348-wheat-falls-on-demand-worries-but-set-for-weekly-gain-markets-business-recorder.md) | +0.9% | -6.0% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40274369

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