# Weather, exports driving factors in commodity markets | Feed Strategy

> Rabobank's North American Agribusiness Review says animal feed costs will stay high through the rest of 2021. It notes soybean meal is trending lower but elevated, and that weather is the main driver of corn, with record US corn exports to China and a smaller expected Brazilian harvest.

- Date: 2021-06-25 · published 2021-06-25T12:00:00.000Z
- Category: weather · region US · magnitude low
- Page: https://feedsoft.ai/events/46664-weather-exports-driving-factors-in-commodity-markets-feed-strategy
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Rabobank's outlook that feed prices stay elevated supports cost planning for buyers, though weather-driven selloffs and rallies will keep corn and meal volatile.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2024-06-21 | [Commodities Market Impact Weather](https://feedsoft.ai/events/13179-commodities-market-impact-weather.md) | -5.5% | -8.4% |
| CORN | 2021-04-28 | [Global weather driving price rises in grains and oilseeds: Feed market report \| AHDB](https://feedsoft.ai/events/9793-global-weather-driving-price-rises-in-grains-and-oilseeds-feed-market-report.md) | +4.4% | -7.3% |
| CORN | 2018-06-11 | [Corn marketers hoping weather reports stops tumble](https://feedsoft.ai/events/8246-corn-marketers-hoping-weather-reports-stops-tumble.md) | -3.5% | -5.6% |
| CORN | 2023-07-18 | [What Factors are Driving the Current Grain Market Volatility? \| Ohio Ag Manager](https://feedsoft.ai/events/7056-what-factors-are-driving-the-current-grain-market-volatility-ohio-ag-manager.md) | +18.0% | -1.3% |
| CORN | 2023-02-17 | [Weather factors in South America: Drought in Argentina and excess rainfall in Brazil weigh on markets](https://feedsoft.ai/events/13669-weather-factors-in-south-america-drought-in-argentina-and-excess-rainfall-in.md) | -1.6% | -4.3% |
| SBM | 2018-09-25 | [Drought affects supplemental feed supply in Australia \| Feed Strategy](https://feedsoft.ai/events/63158-drought-affects-supplemental-feed-supply-in-australia-feed-strategy.md) | +1.9% | +2.7% |
| SBM | 2022-01-20 | [Argentina rains cap crop losses from drought, weather experts say - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/43039-argentina-rains-cap-crop-losses-from-drought-weather-experts-say-agweek-1.md) | +0.2% | +11.1% |
| SBM | 2019-04-23 | [Weather Favors Brazil Second-Crop Corn](https://feedsoft.ai/events/59421-weather-favors-brazil-second-crop-corn.md) | -1.8% | -1.7% |

## Sources

- feedstrategy.com: https://www.feedstrategy.com/latest-news/article/15442291/weather-exports-driving-factors-in-commodity-markets

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