# Soybeans set for 4th weekly gain on South American crop woes - Markets - Business Recorder

> Chicago soybean futures rose for a fourth straight week, trading near $15.78 per bushel, after a severe drought curbed output in Brazil and Argentina. Conab cut Brazil's soybean estimate to 125.5 million tonnes, well below USDA's 134 million forecast, and Argentina's Rosario exchange warned of a possible 2018-style disaster.

- Date: 2022-02-11 · published 2022-02-11T12:00:00.000Z
- Category: weather · region Brazil · magnitude high
- Page: https://feedsoft.ai/events/42735-soybeans-set-for-4th-weekly-gain-on-south-american-crop-woes-markets-business
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Sharply reduced South American crops tighten global soybean supply, supporting prices and raising costs for soymeal-based feed.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2024-05-03 | [Soybeans, corn head for weekly gains as floods hit Brazil - Markets - Business Recorder](https://feedsoft.ai/events/10963-soybeans-corn-head-for-weekly-gains-as-floods-hit-brazil-markets-business.md) | +0.2% | +1.3% |
| 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% |
| 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 | 2022-07-28 | [Soybeans jump over 1% to two-week high as US crop faces heat - Markets - Business Recorder](https://feedsoft.ai/events/8745-soybeans-jump-over-1-to-two-week-high-as-us-crop-faces-heat-markets-business.md) | -1.3% | -1.1% |
| SOY | 2024-05-06 | [Soybeans ease from 6-week high, but Brazilian crop woes limit downside - Markets - Business Recorder](https://feedsoft.ai/events/11631-soybeans-ease-from-6-week-high-but-brazilian-crop-woes-limit-downside-markets.md) | +0.3% | -1.4% |
| SBM | 2024-09-28 | [Soy futures soar on US weather woes - Markets - Business Recorder](https://feedsoft.ai/events/28337-soy-futures-soar-on-us-weather-woes-markets-business-recorder.md) | -2.5% | -10.5% |
| SBM | 2022-03-18 | [Soybeans rise on firm vegoils, Argentina crop concerns; corn steady - Markets - Business Recorder](https://feedsoft.ai/events/42293-soybeans-rise-on-firm-vegoils-argentina-crop-concerns-corn-steady-markets.md) | +1.6% | -3.8% |
| SBM | 2022-07-31 | [CBOT soyabean futures rally - Markets - Business Recorder](https://feedsoft.ai/events/40515-cbot-soyabean-futures-rally-markets-business-recorder.md) | +0.9% | -2.8% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40153718

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