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Soybean futures rose 7 to 9 cents on Thursday, extending Wednesday's gains, with soymeal leading on buying tied to drier weather forecasts for Argentina. Open interest rose by about 12,000 contracts.
Soybean oil futures fell 10 to 13 points.
Argentine dryness raises concern over South American soybean and meal output, supporting meal prices, while weaker soyoil reflects its separate policy-driven trend.
jadispress.comJonathan ReedJan 30, 2026After 1,079 past bullish weather events, SOY moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.0%), and +0.9% over 20.
After 453 past bullish weather events, SBM moved a median +0.5% over 5 sessions (55% higher; middle half -1.6% to +2.7%), and +0.5% over 20.
After 49 past bearish weather events, SBO moved a median -0.5% over 5 sessions (43% higher; middle half -3.2% to +1.0%), and -0.3% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
