# Soybeans rise on firm vegoils, Argentina crop concerns; corn steady - Markets - Business Recorder

> US soybean futures rose on Friday, tracking gains in vegetable oils and crude oil, and on drought and policy concerns over Argentina's supply. Buenos Aires grains exchange said Argentina's 2021/22 soybean, corn and sunflower harvest forecasts could be cut further due to adverse weather. Wheat also rose on slim progress in Russia-Ukraine peace talks.

- Date: 2022-03-18 · published 2022-03-18T12:00:00.000Z
- Category: weather · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/42293-soybeans-rise-on-firm-vegoils-argentina-crop-concerns-corn-steady-markets
- 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), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Argentina is a top soybean and meal exporter, so a smaller crop tightens global soymeal and oil supplies and supports prices. Firm crude and vegoils add further upward pressure on soybean values.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2023-02-21 | [Corn near 1-week high on Argentina supply woes, soybeans firm - Markets - Business Recorder](https://feedsoft.ai/events/37347-corn-near-1-week-high-on-argentina-supply-woes-soybeans-firm-markets-business.md) | -0.6% | -2.7% |
| SOY | 2024-09-23 | [Chicago wheat rises on global crop concern - Markets - Business Recorder](https://feedsoft.ai/events/5608-chicago-wheat-rises-on-global-crop-concern-markets-business-recorder.md) | +5.3% | -4.2% |
| SOY | 2023-08-28 | [Soybeans at 1-month high, corn firm as hot, dry weather hits US crops - Markets - Business Recorder](https://feedsoft.ai/events/34585-soybeans-at-1-month-high-corn-firm-as-hot-dry-weather-hits-us-crops-markets.md) | -1.8% | -6.0% |
| SOY | 2022-02-11 | [Soybeans set for 4th weekly gain on South American crop woes - Markets - Business Recorder](https://feedsoft.ai/events/42735-soybeans-set-for-4th-weekly-gain-on-south-american-crop-woes-markets-business.md) | +1.1% | +7.4% |
| SOY | 2024-09-26 | [Soybeans rise for fourth session on Brazilian weather woes - Markets - Business Recorder](https://feedsoft.ai/events/28339-soybeans-rise-for-fourth-session-on-brazilian-weather-woes-markets-business.md) | +0.3% | -5.3% |
| SBM | 2023-08-28 | [Soybeans at 1-month high, corn firm as hot, dry weather hits US crops - Markets - Business Recorder](https://feedsoft.ai/events/34585-soybeans-at-1-month-high-corn-firm-as-hot-dry-weather-hits-us-crops-markets.md) | -1.5% | -7.0% |
| SBM | 2022-02-11 | [Soybeans set for 4th weekly gain on South American crop woes - Markets - Business Recorder](https://feedsoft.ai/events/42735-soybeans-set-for-4th-weekly-gain-on-south-american-crop-woes-markets-business.md) | -1.4% | +10.3% |
| SBM | 2016-04-21 | [Soybeans Enter Bull Market After Floods Damage Argentina's Crop \| Investor's Business Daily](https://feedsoft.ai/events/7718-soybeans-enter-bull-market-after-floods-damage-argentina-s-crop-investor-s.md) | +2.0% | +16.9% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40161578

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