# Chicago soy rises as oil prices climb, rain forecast threatens Midwest planting - Markets - Business Recorder

> CBOT soybeans rose to $11.96 per bushel on higher oil prices and rain forecasts that could slow Midwest planting, with corn up 0.4% and wheat slightly lower. US crude rose despite a US announcement extending the Iran ceasefire, and the Strait of Hormuz remained effectively closed.

- Date: 2026-04-22 · published 2026-04-22T12:00:00.000Z
- Category: weather · region US · magnitude low
- Page: https://feedsoft.ai/events/19752-chicago-soy-rises-as-oil-prices-climb-rain-forecast-threatens-midwest-planting
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

Expected planting delays and energy-linked support lift grain prices, while elevated nitrogen fertilizer costs continue to shift acreage away from corn.

## Read by commodity

- SOY: bullish ▲
- WTI: bullish ▲
- CORN: bullish ▲
- UREA: bullish ▲
- WHEAT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2024-09-23 | [Chicago wheat rises on global crop concern - Markets - Business Recorder](https://feedsoft.ai/events/5608-chicago-wheat-rises-on-global-crop-concern-markets-business-recorder.md) | +5.3% | -4.2% |
| SOY | 2021-02-16 | [US MIDDAY: Wheat climbs - Markets - Business Recorder](https://feedsoft.ai/events/9256-us-midday-wheat-climbs-markets-business-recorder.md) | +0.9% | +3.5% |
| SOY | 2021-06-02 | [Palm oil climbs 5pc, hits two-week high - Markets - Business Recorder](https://feedsoft.ai/events/6356-palm-oil-climbs-5pc-hits-two-week-high-markets-business-recorder.md) | +2.0% | -12.2% |
| 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 | 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% |
| CORN | 2021-03-23 | [CBOT corn climbs on delayed planting in Brazil - Markets - Business Recorder](https://feedsoft.ai/events/5673-cbot-corn-climbs-on-delayed-planting-in-brazil-markets-business-recorder.md) | -0.5% | +3.5% |
| CORN | 2024-04-23 | [Chicago wheat futures extend gains - Markets - Business Recorder](https://feedsoft.ai/events/12141-chicago-wheat-futures-extend-gains-markets-business-recorder.md) | -0.1% | +4.1% |
| CORN | 2024-09-23 | [Chicago wheat rises on global crop concern - Markets - Business Recorder](https://feedsoft.ai/events/5608-chicago-wheat-rises-on-global-crop-concern-markets-business-recorder.md) | +1.3% | -0.8% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40417689

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