# Soybeans, meal extend gains, with corn, wheat higher - Brownfield Ag News

> Soybeans and soybean meal rose on commercial and technical buying, with meal supported by concern over Argentina's crop. Argentina's soybean planting was 37.1% complete, well behind last year due to dry, hot weather in the forecast. Corn and wheat also edged higher, and China's November soybean imports fell 14% year on year.

- Date: 2022-12-07 · published 2022-12-07T12:00:00.000Z
- Category: weather · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/38367-soybeans-meal-extend-gains-with-corn-wheat-higher-brownfield-ag-news
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Dry weather threatening Argentina's soybean and meal output, the world's largest exporter of soybean products, supports soybean meal prices for feed buyers. Weaker Chinese import demand offsets some of that support.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲
- CORN: bullish ▲
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2018-01-19 | [Soybean meal pulls soybeans, corn higher - Brownfield Ag News](https://feedsoft.ai/events/12096-soybean-meal-pulls-soybeans-corn-higher-brownfield-ag-news.md) | +2.0% | +5.3% |
| SOY | 2020-07-02 | [Soybeans, corn extend rally - Brownfield Ag News](https://feedsoft.ai/events/12774-soybeans-corn-extend-rally-brownfield-ag-news.md) | +0.5% | -0.2% |
| SOY | 2017-06-07 | [Corn, soybeans higher on weather concerns - Brownfield Ag News](https://feedsoft.ai/events/70428-corn-soybeans-higher-on-weather-concerns-brownfield-ag-news.md) | +1.0% | +5.7% |
| SOY | 2022-07-27 | [Soybeans, soybean products extend gains - Brownfield Ag News](https://feedsoft.ai/events/40517-soybeans-soybean-products-extend-gains-brownfield-ag-news.md) | +2.4% | +2.2% |
| SOY | 2017-05-01 | [Weather woes support corn, soybeans, wheat - Brownfield Ag News](https://feedsoft.ai/events/10482-weather-woes-support-corn-soybeans-wheat-brownfield-ag-news.md) | +1.9% | -2.0% |
| SBM | 2018-01-19 | [Soybean meal pulls soybeans, corn higher - Brownfield Ag News](https://feedsoft.ai/events/12096-soybean-meal-pulls-soybeans-corn-higher-brownfield-ag-news.md) | +3.7% | +13.8% |
| SBM | 2020-07-02 | [Soybeans, corn extend rally - Brownfield Ag News](https://feedsoft.ai/events/12774-soybeans-corn-extend-rally-brownfield-ag-news.md) | +0.8% | -1.0% |
| SBM | 2022-07-27 | [Soybeans, soybean products extend gains - Brownfield Ag News](https://feedsoft.ai/events/40517-soybeans-soybean-products-extend-gains-brownfield-ag-news.md) | +3.1% | -0.7% |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/soybeans-meal-extend-gains-with-corn-wheat-higher/

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