# Crop futures trade higher on trade, weather support - Brownfield Ag News

> Soybean futures closed higher on South American weather concerns, with Argentina and southern Brazil in extreme drought. Corn gained on a USDA sale of over 1 million tonnes to China, and crude oil gains lifted soyoil.

- Date: 2022-04-04 · published 2022-04-04T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/4034-crop-futures-trade-higher-on-trade-weather-support-brownfield-ag-news
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Drought in South America and fresh export sales to China support soy and corn prices, while higher crude supports soyoil through biofuel linkage.

## Read by commodity

- SBM: bullish ▲
- SBO: bullish ▲
- SOY: bullish ▲
- WTI: bullish ▲
- CORN: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SBO | 2022-04-04 | 1 | +205.5% | 70.6 | On April 4, crude oil gains and South American drought concerns lifted soyoil, which is a plausible demand and input-cost driver for the upward move. |
| SBO | 2022-04-07 | 5 | +209.7% | 30.2 | South American drought threatened supply and crude oil gains lifted soyoil, adding input-cost and biofuel-linked demand support. |

## Sources

- brownfieldagnews.com: https://www.brownfieldagnews.com/market-news/crop-futures-trade-higher-on-trade-weather-support/

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