# Soybeans gain as South American supply falters - Markets - Business Recorder

> Chicago soybeans rallied on December 23 as an Argentine labor strike slowed exports, with the most-active contract reaching its highest level since 2014. Corn and wheat followed higher on Argentina export woes and South American dryness. Soymeal shipments from Argentina were hampered by stalled port labor talks.

- Date: 2020-12-23 · published 2020-12-23T12:00:00.000Z
- Category: logistics · region Argentina · magnitude high
- Page: https://feedsoft.ai/events/49494-soybeans-gain-as-south-american-supply-falters-markets-business-recorder
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Supply disruption from Argentina combined with dryness in South America tightens near-term meal and grain availability, supporting soybean and feed grain prices.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2021-09-16 | [China buys Brazilian soy as hurricane damage limits US exports: traders - Markets - Business Recorder](https://feedsoft.ai/events/44957-china-buys-brazilian-soy-as-hurricane-damage-limits-us-exports-traders-markets.md) | -0.9% | -7.7% |
| SOY | 2022-11-02 | [Palm oil jumps nearly 5% to 12-wk highs on supply woes - Markets - Business Recorder](https://feedsoft.ai/events/8071-palm-oil-jumps-nearly-5-to-12-wk-highs-on-supply-woes-markets-business-recorder.md) | +0.6% | +2.4% |
| SOY | 2020-06-13 | [Low water is crippling South American grain highway - High Plains Journal](https://feedsoft.ai/events/52444-low-water-is-crippling-south-american-grain-highway-high-plains-journal.md) | +0.6% | +0.6% |
| SOY | 2020-11-09 | [Argentine grain receivers resume direct actions as salary talks fail - Fastmarkets](https://feedsoft.ai/events/50156-argentine-grain-receivers-resume-direct-actions-as-salary-talks-fail-fastmarkets.md) | +3.9% | +5.5% |
| SOY | 2020-03-25 | [Supplying The Soybean - Biz New Orleans](https://feedsoft.ai/events/54032-supplying-the-soybean-biz-new-orleans.md) | -0.1% | -5.9% |
| SBM | 2021-08-05 | [Argentine truck strike hits Bahia Blanca grains port, halting export climb - Markets - Business Recorder](https://feedsoft.ai/events/45425-argentine-truck-strike-hits-bahia-blanca-grains-port-halting-export-climb.md) | +0.5% | -2.6% |
| SBM | 2020-06-13 | [Low water is crippling South American grain highway - High Plains Journal](https://feedsoft.ai/events/52444-low-water-is-crippling-south-american-grain-highway-high-plains-journal.md) | -0.7% | -2.0% |
| SBM | 2020-12-14 | [Argentina's soybean crushers pull meal, oil offers as strikes continue - Fastmarkets](https://feedsoft.ai/events/49721-argentina-s-soybean-crushers-pull-meal-oil-offers-as-strikes-continue.md) | +5.6% | +21.5% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40044297

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