# Soybeans rise on strong Chinese demand, Argentine drought

> Soybean futures rose on strong Chinese demand and drought in Argentina. The text provided is only the drought report from the Rosario grains exchange, showing over a third of early-planted soybeans in regular to poor condition with more dry weather expected.

- Date: 2022-12-07 · published 2022-12-07T12:00:00.000Z
- Category: market · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/13995-soybeans-rise-on-strong-chinese-demand-argentine-drought
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Combined Chinese buying and Argentine crop stress tighten near-term soybean supply, supporting soybean meal prices used in feed formulation.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/article/global-grains-idAFL1N32X09I/

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