# Precipitation in South America lowers soybean prices, which increases pressure on sunflower prices 19.01.2022 - UkrAgroConsult

> Rain fell in Argentina and southern Brazil over the weekend, with more expected for 10 days, easing drought concerns for soybeans. Soybean futures fell 2.9% after the January USDA report, while soybean oil gained 11.5% for the month.

- Date: 2022-01-19 · published 2022-01-19T12:00:00.000Z
- Category: weather · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/43262-precipitation-in-south-america-lowers-soybean-prices-which-increases-pressure
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Improved South American rainfall reduces the crop-loss premium in soybean and meal prices, while soybean oil strength keeps vegetable oil prices supported.

## Read by commodity

- SBM: bearish ▼
- SBO: bullish ▲
- SOY: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SBM | 2022-01-21 | 5 | -9.7% | -3.5 | Rain in Argentina and southern Brazil with more forecast for 10 days eased drought concerns and pushed soybean futures down 2.9%. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2022-10-28 | [Big Picture in S. America – Soybeans Maybe OK, Corn Maybe Not 28.10.2022 - UkrAgroConsult](https://feedsoft.ai/events/13690-big-picture-in-s-america-soybeans-maybe-ok-corn-maybe-not-28-10-2022.md) | -0.2% | -2.9% |
| SBM | 2018-12-21 | [Sunflower oil production 2018/19 in Ukraine up 12% — Latifundist.com](https://feedsoft.ai/events/61680-sunflower-oil-production-2018-19-in-ukraine-up-12-latifundist-com.md) | +0.4% | +1.7% |
| SBM | 2021-06-17 | [Soybeans close $1.18 lower, corn ends limit down \| Thursday, June 17, 2021 - UkrAgroConsult](https://feedsoft.ai/events/5765-soybeans-close-1-18-lower-corn-ends-limit-down-thursday-june-17-2021.md) | -5.2% | -2.7% |
| SBM | 2019-12-19 | [U.S. grains: Soy futures ease on rains in South American forecasts - Grainews](https://feedsoft.ai/events/55628-u-s-grains-soy-futures-ease-on-rains-in-south-american-forecasts-grainews.md) | -1.1% | -0.8% |
| SBM | 2022-01-14 | [Soybeans down on rain potential in South America - Brownfield Ag News](https://feedsoft.ai/events/7366-soybeans-down-on-rain-potential-in-south-america-brownfield-ag-news.md) | -4.6% | +6.9% |
| SOY | 2022-10-28 | [Big Picture in S. America – Soybeans Maybe OK, Corn Maybe Not 28.10.2022 - UkrAgroConsult](https://feedsoft.ai/events/13690-big-picture-in-s-america-soybeans-maybe-ok-corn-maybe-not-28-10-2022.md) | +3.2% | +3.9% |
| SOY | 2022-06-15 | [North American Grain and Oilseed Review: Canola shows measure of strength 15.06.2022 - UkrAgroConsult](https://feedsoft.ai/events/7217-north-american-grain-and-oilseed-review-canola-shows-measure-of-strength-15-06.md) | -2.7% | -5.2% |
| SOY | 2021-10-22 | [2021/22 Brazilian Soybean Planting Second Fastest on Record 22.10.2021 - UkrAgroConsult](https://feedsoft.ai/events/44380-2021-22-brazilian-soybean-planting-second-fastest-on-record-22-10-2021.md) | +0.8% | +3.4% |

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/precipitation-in-south-america-lowers-soybean-prices-which-increases-pressure-on-sunflower-prices/

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