# Soybeans strengthen on river worries – The Seam

> Soybean futures rose 4-11 cents on September 29 on concerns about low river levels, while soymeal fell $3.10 per ton and soyoil rose $0.93 per pound. Wheat and corn also edged higher as Russia prepared to annex four occupied Ukrainian regions.

- Date: 2022-09-29 · published 2022-09-29T12:00:00.000Z
- Category: logistics · region US · magnitude low
- Page: https://feedsoft.ai/events/39655-soybeans-strengthen-on-river-worries-the-seam
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Barge Freight (St. Louis)](https://feedsoft.ai/c/BARGE.md)

## Why it matters

River draft limits on the Mississippi raise freight costs and threaten export timing, supporting soybeans, while geopolitical tension supports wheat and corn.

## Read by commodity

- SBM: bearish ▼
- SBO: bullish ▲
- SOY: bullish ▲
- CORN: bullish ▲
- BARGE: bullish ▲
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2017-12-31 | [Grain workers strike impacts soybeans  : The Daily Digest](https://feedsoft.ai/events/67321-grain-workers-strike-impacts-soybeans-the-daily-digest.md) | +0.7% | +5.1% |
| SOY | 2019-08-16 | [Mississippi River Congestion Still Weighs on Soybean Market](https://feedsoft.ai/events/57485-mississippi-river-congestion-still-weighs-on-soybean-market.md) | -0.2% | +3.1% |
| SOY | 2025-04-10 | [Soybean barge basis firm on river shipping delays](https://feedsoft.ai/events/16455-soybean-barge-basis-firm-on-river-shipping-delays.md) | +2.6% | +2.4% |
| SOY | 2020-03-25 | [Supplying The Soybean - Biz New Orleans](https://feedsoft.ai/events/54032-supplying-the-soybean-biz-new-orleans.md) | -0.1% | -5.9% |
| SOY | 2020-02-13 | [A Deeper Mississippi River Will Improve the Economics of Soybean Exports](https://feedsoft.ai/events/54493-a-deeper-mississippi-river-will-improve-the-economics-of-soybean-exports.md) | +0.0% | -4.2% |
| SBO | 2024-08-06 | [Processed soybean workers in Argentina launch strike over wage dispute](https://feedsoft.ai/events/13904-processed-soybean-workers-in-argentina-launch-strike-over-wage-dispute.md) | +0.6% | +1.9% |
| SBO | 2024-10-22 | [Soybeans, corn continue to rise - Brownfield Ag News](https://feedsoft.ai/events/11150-soybeans-corn-continue-to-rise-brownfield-ag-news.md) | +2.2% | +7.7% |
| SBO | 2024-08-08 | [Soy-crush workers extend strike over pay to third day \| Buenos Aires Times](https://feedsoft.ai/events/13907-soy-crush-workers-extend-strike-over-pay-to-third-day-buenos-aires-times.md) | -4.4% | -1.0% |

## Sources

- theseam.com: https://www.theseam.com/soybeans-strengthen-on-river-worries/

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