# What's Behind the Rise in Soybean ETF?

> Soybean prices jumped by double digits on January 17 after Brazilian consultancy Celeres cut its soybean output forecast to 117.2 million tons due to inclement weather. Reports also suggested the U.S. may lift some tariffs on Chinese goods, which could support soybean demand.

- Date: 2019-01-18 · published 2019-01-18T12:00:00.000Z
- Category: weather · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/12389-what-s-behind-the-rise-in-soybean-etf
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

A lower Brazilian crop forecast tightens global soybean supply, and potential easing of U.S.-China tariffs could restore Chinese demand for U.S. soybeans, both supporting prices. Weak Chinese import data is a risk to the rally.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2021-08-31 | [What to watch in the soybean market - Brownfield Ag News](https://feedsoft.ai/events/45592-what-to-watch-in-the-soybean-market-brownfield-ag-news.md) | -2.8% | -2.1% |
| SOY | 2023-12-28 | [Soybeans Rally to Close in the Black - IBest Media](https://feedsoft.ai/events/11439-soybeans-rally-to-close-in-the-black-ibest-media.md) | -4.2% | -8.2% |
| SOY | 2020-04-08 | [Continues the speculative rise in prices for soybean and sunflower oil](https://feedsoft.ai/events/53736-continues-the-speculative-rise-in-prices-for-soybean-and-sunflower-oil.md) | -1.5% | -2.8% |
| SOY | 2023-05-29 | [Corn, Soybeans and Wheat in the Grips of Drought - AgWeb](https://feedsoft.ai/events/13276-corn-soybeans-and-wheat-in-the-grips-of-drought-agweb.md) | +1.0% | +11.8% |
| SOY | 2021-04-21 | [As Corn Climbs Above $6, Here's What's Behind the Market Move - AgWeb](https://feedsoft.ai/events/10225-as-corn-climbs-above-6-here-s-what-s-behind-the-market-move-agweb.md) | +5.3% | +6.9% |
| SBM | 2021-08-31 | [What to watch in the soybean market - Brownfield Ag News](https://feedsoft.ai/events/45592-what-to-watch-in-the-soybean-market-brownfield-ag-news.md) | -1.4% | -1.1% |
| SBM | 2026-10-07 | [Dry spell in Brazil's soybean belt raises crop-stress risk — BRZ News](https://feedsoft.ai/events/13415-dry-spell-in-brazil-s-soybean-belt-raises-crop-stress-risk-brz-news.md) | +5.2% | -4.8% |
| SBM | 2019-11-22 | [Soybean plantation remains behind schedule - DatamarNews](https://feedsoft.ai/events/55900-soybean-plantation-remains-behind-schedule-datamarnews.md) | -3.4% | -1.0% |

## Sources

- finance.yahoo.com: https://finance.yahoo.com/news/whats-behind-rise-soybean-etf-180006695.html

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