# Column: Soybeans blast to 4-year high | Business | journalgazette.net

> Soybean futures hit record highs on strong Chinese export demand, drought in Argentina and southern Brazil, and a weaker US dollar. Corn, wheat and oats also rose, and Russian and US southwest Plains drought threatened wheat output.

- Date: 2020-11-06 · published 2020-11-06T12:00:00.000Z
- Category: weather · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/12428-column-soybeans-blast-to-4-year-high-business-journalgazette-net
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Oats](https://feedsoft.ai/c/OATS.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Dry weather in South America and a weaker dollar both support export prices for soybeans, corn and wheat, raising feed input costs.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2016-05-12 | [Is it time to shift to soybeans? – Ohio Ag Net \| Ohio's Country Journal](https://feedsoft.ai/events/6522-is-it-time-to-shift-to-soybeans-ohio-ag-net-ohio-s-country-journal.md) | +0.5% | +9.9% |
| SOY | 2023-02-21 | [Corn near 1-week high on Argentina supply woes, soybeans firm - Markets - Business Recorder](https://feedsoft.ai/events/37347-corn-near-1-week-high-on-argentina-supply-woes-soybeans-firm-markets-business.md) | -0.6% | -2.7% |
| SOY | 2017-12-05 | [La Niña Chases Soybean Futures Higher \| Fox Business](https://feedsoft.ai/events/67406-la-nina-chases-soybean-futures-higher-fox-business.md) | -1.6% | -3.9% |
| SOY | 2021-04-21 | [Midweek Markets: Soybeans soar to seven-year highs](https://feedsoft.ai/events/6624-midweek-markets-soybeans-soar-to-seven-year-highs.md) | +5.3% | +6.9% |
| SOY | 2022-07-28 | [Soybeans jump over 1% to two-week high as US crop faces heat - Markets - Business Recorder](https://feedsoft.ai/events/8745-soybeans-jump-over-1-to-two-week-high-as-us-crop-faces-heat-markets-business.md) | -1.3% | -1.1% |
| CORN | 2019-05-24 | [Column: Cloudy outlook for grains \| Business \| journalgazette.net](https://feedsoft.ai/events/5442-column-cloudy-outlook-for-grains-business-journalgazette-net.md) | +7.1% | +10.0% |
| CORN | 2019-05-17 | [Column: Corn prices jump as soggy fields delay planting \| Business \| journalgazette.net](https://feedsoft.ai/events/12130-column-corn-prices-jump-as-soggy-fields-delay-planting-business-journalgazette.md) | +1.6% | +9.9% |
| CORN | 2023-02-21 | [Corn near 1-week high on Argentina supply woes, soybeans firm - Markets - Business Recorder](https://feedsoft.ai/events/37347-corn-near-1-week-high-on-argentina-supply-woes-soybeans-firm-markets-business.md) | -4.0% | -5.1% |

## Sources

- journalgazette.net: https://www.journalgazette.net/business/column-soybeans-blast-to-4-year-high/article_e3da38b9-e9eb-504e-a5a0-2ded8c6105fc.html

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