# Soybeans firm after 2-week low, wheat slips on Australian crop | Financial Post

> Chicago soybeans steadied after a two-week low as forecast rain in dry parts of Brazil eased crop worries, with the most-active contract up 0.8% at $11.61-3/4. Wheat fell on prospects of a bumper Australian crop, while corn edged up.

- Date: 2020-12-03 · published 2020-12-03T12:00:00.000Z
- Category: weather · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/5270-soybeans-firm-after-2-week-low-wheat-slips-on-australian-crop-financial-post
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Expected Brazilian rain reduces the risk to the South American supply that importers depend on, weighing on soy and meal prices, while a large Australian wheat crop adds export supply.

## Read by commodity

- SOY: neutral
- CORN: neutral
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2026-07-30 | [CRMAgri - Latest - Global Crop Watch - Midwest rains crucial for US corn, soybean crops](https://feedsoft.ai/events/12977-crmagri-latest-global-crop-watch-midwest-rains-crucial-for-us-corn-soybean-crops.md) | -2.2% | +6.5% |
| SOY | 2025-08-14 | [Indiana Corn, Soybean Crops Feel the Heat and Variability of Late Planting](https://feedsoft.ai/events/13068-indiana-corn-soybean-crops-feel-the-heat-and-variability-of-late-planting.md) | -0.8% | -0.8% |
| SOY | 2018-05-17 | [GRAINS-Wheat rallies as weather worries return, soy steady after slide](https://feedsoft.ai/events/10237-grains-wheat-rallies-as-weather-worries-return-soy-steady-after-slide.md) | +4.0% | -7.3% |
| SOY | 2022-10-05 | [Why are the Corn and Soybean Crops Drying So Slowly? - farmdoc](https://feedsoft.ai/events/13321-why-are-the-corn-and-soybean-crops-drying-so-slowly-farmdoc.md) | -0.5% | +3.8% |
| SOY | 2021-07-16 | [Wheat posts biggest weekly climb in 6 years on weather woes \| Reuters](https://feedsoft.ai/events/7778-wheat-posts-biggest-weekly-climb-in-6-years-on-weather-woes-reuters.md) | -2.2% | -3.2% |
| WHEAT | 2021-05-25 | [Favourable Australian weather spells second bumper wheat harvest \| Financial Post](https://feedsoft.ai/events/47056-favourable-australian-weather-spells-second-bumper-wheat-harvest-financial-post.md) | -2.5% | -3.2% |
| WHEAT | 2023-01-19 | [Soybeans, corn slide on forecasts for much-needed Argentine rains \| Financial Post](https://feedsoft.ai/events/10660-soybeans-corn-slide-on-forecasts-for-much-needed-argentine-rains-financial-post.md) | -3.3% | -0.0% |
| WHEAT | 2020-11-13 | [Australian harvest puts pressure on wheat prices \| Farm Weekly \| WA](https://feedsoft.ai/events/50202-australian-harvest-puts-pressure-on-wheat-prices-farm-weekly-wa.md) | -2.7% | +4.2% |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/soybeans-firm-after-2-week-low-wheat-slips-on-australian-crop

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