# Beneficial rains for Argentina’s soyabeans do not cancel La Nina risks - Markets - Business Recorder

> Argentina's core grain belt is seeing better rainfall in November than in many recent years, but La Nina remains in place. Soybean planting was 32% complete and is expected to near 90% by late December. The probability of truly good yields during La Nina is only about one in ten.

- Date: 2021-11-24 · published 2021-11-24T12:00:00.000Z
- Category: weather · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/14072-beneficial-rains-for-argentina-s-soyabeans-do-not-cancel-la-nina-risks-markets
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Timely November rain eases planting stress, which partly offsets La Nina's drought risk. Yield concerns remain, so the market stays supported but with less urgency.

## Read by commodity

- SBM: neutral
- SOY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2021-02-04 | [Argentina's corn and soy crops pull away from stricken 2018 harvest - Markets - Business Recorder](https://feedsoft.ai/events/48461-argentina-s-corn-and-soy-crops-pull-away-from-stricken-2018-harvest-markets.md) | -1.3% | +3.2% |
| SOY | 2025-01-07 | [Chicago corn pulls back from 6-month peak, Argentina dryness caps losses - Markets - Business Recorder](https://feedsoft.ai/events/11502-chicago-corn-pulls-back-from-6-month-peak-argentina-dryness-caps-losses-markets.md) | +4.9% | +8.3% |
| SOY | 2024-10-16 | [Corn and soybeans regain a little ground after sell-off - Markets - Business Recorder](https://feedsoft.ai/events/27881-corn-and-soybeans-regain-a-little-ground-after-sell-off-markets-business.md) | +0.1% | +1.3% |
| SOY | 2025-02-18 | [Wheat eases from 4-month highs, soybean flat - Markets - Business Recorder](https://feedsoft.ai/events/26078-wheat-eases-from-4-month-highs-soybean-flat-markets-business-recorder.md) | -0.7% | -2.0% |
| SOY | 2021-03-12 | [Wheat flat; set for second weekly drop as US weather improves - Markets - Business Recorder](https://feedsoft.ai/events/5121-wheat-flat-set-for-second-weekly-drop-as-us-weather-improves-markets-business.md) | -1.6% | -0.9% |
| SBM | 2021-02-04 | [Argentina's corn and soy crops pull away from stricken 2018 harvest - Markets - Business Recorder](https://feedsoft.ai/events/48461-argentina-s-corn-and-soy-crops-pull-away-from-stricken-2018-harvest-markets.md) | -2.4% | -3.6% |
| SBM | 2021-02-18 | [Brazil soy harvest moves slowly, corn advances despite early-season drought - Markets - Business Recorder](https://feedsoft.ai/events/48463-brazil-soy-harvest-moves-slowly-corn-advances-despite-early-season-drought.md) | -1.0% | -7.0% |
| SBM | 2022-01-20 | [Argentina rains cap crop losses from drought, weather experts say - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/43039-argentina-rains-cap-crop-losses-from-drought-weather-experts-say-agweek-1.md) | +0.2% | +11.1% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40135386

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