# Soybean Futures Surge on Strong Meal Demand, Argentina Weather

> 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.

- Date: 2026-01-30 · published 2026-01-30T12:00:00.000Z
- Category: weather · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/21077-soybean-futures-surge-on-strong-meal-demand-argentina-weather
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Argentine dryness raises concern over South American soybean and meal output, supporting meal prices, while weaker soyoil reflects its separate policy-driven trend.

## Read by commodity

- SBM: bullish ▲
- SBO: bearish ▼
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2023-02-14 | [Soybean Meal Futures Rise On Argentina Drought](https://feedsoft.ai/events/37454-soybean-meal-futures-rise-on-argentina-drought.md) | +0.4% | -2.8% |
| SOY | 2021-03-06 | [U.S. grains: Soy futures rally on dry Argentina weather - Grainews](https://feedsoft.ai/events/8633-u-s-grains-soy-futures-rally-on-dry-argentina-weather-grainews.md) | -1.3% | -1.5% |
| SOY | 2018-02-13 | [Soybeans, meal up on more dry weather in Argentina - Brownfield Ag News](https://feedsoft.ai/events/10479-soybeans-meal-up-on-more-dry-weather-in-argentina-brownfield-ag-news.md) | +2.5% | +3.9% |
| SOY | 2017-11-17 | [Grain, Soybean Futures Rise; Traders Watch Argentina Weather \| Fox Business](https://feedsoft.ai/events/5282-grain-soybean-futures-rise-traders-watch-argentina-weather-fox-business.md) | +2.2% | -0.5% |
| SOY | 2020-08-26 | [Soybeans up on weather, demand from China - Brownfield Ag News](https://feedsoft.ai/events/51480-soybeans-up-on-weather-demand-from-china-brownfield-ag-news.md) | +4.5% | +11.0% |
| SBM | 2023-02-14 | [Soybean Meal Futures Rise On Argentina Drought](https://feedsoft.ai/events/37454-soybean-meal-futures-rise-on-argentina-drought.md) | -2.3% | -2.7% |
| SBM | 2021-03-06 | [U.S. grains: Soy futures rally on dry Argentina weather - Grainews](https://feedsoft.ai/events/8633-u-s-grains-soy-futures-rally-on-dry-argentina-weather-grainews.md) | -5.6% | -4.7% |
| SBM | 2018-02-13 | [Soybeans, meal up on more dry weather in Argentina - Brownfield Ag News](https://feedsoft.ai/events/10479-soybeans-meal-up-on-more-dry-weather-in-argentina-brownfield-ag-news.md) | +5.2% | +4.1% |

## Sources

- jadispress.com: https://www.jadispress.com/soybean-futures-argentina-weather

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