# Soybean Weekly Report

> Chicago soybeans rose 5.3% in the week to Sept. 27 as speculative funds covered short positions amid dry weather in Brazil. StoneX still expects a record Brazilian crop and a relaxed global balance.

- Date: 2024-09-30 · published 2024-09-30T12:00:00.000Z
- Category: weather · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/28336-soybean-weekly-report
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Dry Brazilian planting weather and fund short covering lift soybean and meal prices, though record South American supply limits the rally.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2023-08-28 | [Soybean Weekly Report](https://feedsoft.ai/events/34664-soybean-weekly-report.md) | -1.8% | -6.0% |
| SOY | 2023-07-24 | [Soybean Weekly Report](https://feedsoft.ai/events/35071-soybean-weekly-report.md) | -0.9% | -9.2% |
| SOY | 2024-05-06 | [Soybean Weekly Report](https://feedsoft.ai/events/11630-soybean-weekly-report.md) | +0.3% | -1.4% |
| SOY | 2024-10-15 | [MN CropCast: Soybean harvest report from the field with Curt Burns](https://feedsoft.ai/events/13148-mn-cropcast-soybean-harvest-report-from-the-field-with-curt-burns.md) | -1.5% | +1.6% |
| SOY | 2018-02-08 | [U.S. grains: Soybeans hit one-week top - Grainews](https://feedsoft.ai/events/10007-u-s-grains-soybeans-hit-one-week-top-grainews.md) | +3.5% | +7.2% |
| SBM | 2023-07-24 | [Soybean Weekly Report](https://feedsoft.ai/events/35071-soybean-weekly-report.md) | +2.4% | -6.8% |
| SBM | 2024-10-15 | [MN CropCast: Soybean harvest report from the field with Curt Burns](https://feedsoft.ai/events/13148-mn-cropcast-soybean-harvest-report-from-the-field-with-curt-burns.md) | -0.3% | -6.9% |
| SBM | 2018-02-08 | [U.S. grains: Soybeans hit one-week top - Grainews](https://feedsoft.ai/events/10007-u-s-grains-soybeans-hit-one-week-top-grainews.md) | +10.3% | +13.5% |

## Sources

- stonex.com: https://www.stonex.com/en/insights/soybean-weekly-report-1525685/

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