Loading…
Chicago soybeans and soybean meal rallied in late January, with March meal up US$3.80/short ton on dry weather forecasts for Argentina. Soybean oil was weaker, while Winnipeg canola and Paris rapeseed also gained.
Argentine dryness threatens the crop during its critical growth phase, supporting meal prices and the broader oilseed complex. Dry-weather risk can keep meal bid while soybean oil lags.
zmp.deJan 29, 2026After 453 past bullish weather events, Soybean Meal moved a median +0.5% over 5 sessions (55% higher; middle half -1.6% to +2.7%), and +0.5% over 20.
After 1,079 past bullish weather events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.0%), and +0.9% over 20.
Not enough comparable past events yet for a historical read.
After 49 past bearish weather events, Soybean Oil 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.
