# Markets Unable to Hold Overnight Gains | Feed & Grain

> Argentina's Buenos Aires Grains Exchange reported soybean planting at 39% complete, on pace with average, and corn planting at 32%, behind last year. Corn condition was rated 34% good to excellent, and recent rains improved soil moisture on more than 60% of planted area. ABARES also raised its Australian wheat estimate to 31 million tonnes.

- Date: 2020-12-03 · published 2020-12-03T12:00:00.000Z
- Category: report · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/49626-markets-unable-to-hold-overnight-gains-feed-and-grain
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Dryness concerns in Argentina support South American corn and soy prices, while the larger Australian wheat crop pressures global wheat prices. Buyers face offsetting forces across grains.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2021-01-26 | [Ag Markets Continue to Rebound Higher \| Feed & Grain](https://feedsoft.ai/events/49075-ag-markets-continue-to-rebound-higher-feed-and-grain.md) | +5.1% | +1.5% |
| CORN | 2020-12-03 | [USDA Grain Stocks & WASDE Shock Markets \| Feed & Grain](https://feedsoft.ai/events/49679-usda-grain-stocks-and-wasde-shock-markets-feed-and-grain.md) | +0.0% | +3.9% |
| CORN | 2024-11-14 | [Economic downturn in US coarse grains market \| Feed & Grain](https://feedsoft.ai/events/27467-economic-downturn-in-us-coarse-grains-market-feed-and-grain.md) | +0.2% | +0.4% |
| CORN | 2020-12-03 | [Ag Markets Surprised by Stocks Report \| Feed & Grain](https://feedsoft.ai/events/49582-ag-markets-surprised-by-stocks-report-feed-and-grain.md) | +0.0% | +3.9% |
| CORN | 2025-01-24 | [Grains Report 01/24/2025 - Market InsightsMarket Insights](https://feedsoft.ai/events/6893-grains-report-01-24-2025-market-insightsmarket-insights.md) | -0.2% | +3.3% |
| SOY | 2021-07-15 | [Markets Eye Forecast for Northern Plains \| Feed & Grain](https://feedsoft.ai/events/46150-markets-eye-forecast-for-northern-plains-feed-and-grain.md) | -1.9% | -4.2% |
| SOY | 2022-06-19 | [Grain and Oilseeds: world markets and trade](https://feedsoft.ai/events/41073-grain-and-oilseeds-world-markets-and-trade.md) | -4.2% | -13.2% |
| SOY | 2025-09-30 | [Grain markets react to unexpected USDA stocks data](https://feedsoft.ai/events/9840-grain-markets-react-to-unexpected-usda-stocks-data.md) | +0.7% | +5.6% |

## Sources

- feedandgrain.com: https://www.feedandgrain.com/events/event-calendar/blog/15388566/markets-unable-to-hold-overnight-gains

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