# Soybeans, soybean products extend gains - Brownfield Ag News

> Soybeans rallied sharply on July 27 on commercial and technical buying, with forecasts showing a return of hot, dry weather in many areas. Soybean meal rose sharply on strong domestic demand and solid crush margins, while palm oil strength supported soyoil. Corn edged higher on concerns about possible heat-related yield losses.

- Date: 2022-07-27 · published 2022-07-27T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/40517-soybeans-soybean-products-extend-gains-brownfield-ag-news
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Hot, dry weather during the critical August period could cut U.S. soybean and corn yields, tightening supplies and supporting prices for soymeal and feed grains. Strong crush margins keep soymeal demand firm.

## Read by commodity

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

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SBM | 2022-07-28 | 5 | +12.5% | 3.3 | On July 27 soybeans rallied on heat forecasts, and meal rose sharply on strong domestic demand and solid crush margins. |
| SOY | 2022-07-28 | 5 | +14.1% | 4.2 | Sharp July 27 rally on buying and hot, dry forecasts, with strong meal demand and palm-supported soyoil adding to the move. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2016-04-20 | [Soybeans surge again - Brownfield Ag News](https://feedsoft.ai/events/7723-soybeans-surge-again-brownfield-ag-news.md) | +3.3% | +9.6% |
| SOY | 2022-12-07 | [Soybeans, meal extend gains, with corn, wheat higher - Brownfield Ag News](https://feedsoft.ai/events/38367-soybeans-meal-extend-gains-with-corn-wheat-higher-brownfield-ag-news.md) | +1.7% | +0.8% |
| SOY | 2017-05-19 | [Demand props up soybeans, corn - Brownfield Ag News](https://feedsoft.ai/events/10223-demand-props-up-soybeans-corn-brownfield-ag-news.md) | -0.6% | -0.6% |
| SOY | 2018-12-17 | [Soybeans bounce back a bit - Brownfield Ag News](https://feedsoft.ai/events/7514-soybeans-bounce-back-a-bit-brownfield-ag-news.md) | -1.7% | -0.8% |
| 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 | 2016-04-20 | [Soybeans surge again - Brownfield Ag News](https://feedsoft.ai/events/7723-soybeans-surge-again-brownfield-ag-news.md) | +6.0% | +21.0% |
| SBM | 2022-12-07 | [Soybeans, meal extend gains, with corn, wheat higher - Brownfield Ag News](https://feedsoft.ai/events/38367-soybeans-meal-extend-gains-with-corn-wheat-higher-brownfield-ag-news.md) | +0.8% | +8.3% |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/soybeans-soybean-products-extend-gains/

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