# Grain, Soybean Futures Rise; Traders Watch Argentina Weather | Fox Business

> Grain and soybean futures rebounded at the end of the week as traders exhausted reasons to sell. Dry weather in central Argentina, which affects about half its corn and soybeans, lifted soybeans, with January soybeans up 1.9%, December corn up 1.9%, and December wheat up 1.4%. Wetter weather in Brazil eased concerns there.

- Date: 2017-11-17 · published 2017-11-17T12:00:00.000Z
- Category: weather · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/5282-grain-soybean-futures-rise-traders-watch-argentina-weather-fox-business
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Dry conditions in Argentina threaten South American soybean and corn output, supporting prices and soymeal costs for feed buyers. Brazil's rainfall offsets part of that risk.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2017-07-27 | [Drier Weather Pushes Grain, Soybean Futures Higher \| Fox Business](https://feedsoft.ai/events/7124-drier-weather-pushes-grain-soybean-futures-higher-fox-business.md) | -2.3% | -5.4% |
| SOY | 2017-05-03 | [Grain, Soybean Futures Lifted by Weather Premium \| Fox Business](https://feedsoft.ai/events/10486-grain-soybean-futures-lifted-by-weather-premium-fox-business.md) | +0.8% | -4.4% |
| SOY | 2017-12-01 | [Grain, Soybean Futures End Week With a Bounce \| Fox Business](https://feedsoft.ai/events/67502-grain-soybean-futures-end-week-with-a-bounce-fox-business.md) | +0.6% | -3.4% |
| SOY | 2017-05-19 | [Grain, Soybean Futures Find Footing After Brazil Rout \| Fox Business](https://feedsoft.ai/events/7587-grain-soybean-futures-find-footing-after-brazil-rout-fox-business.md) | -0.6% | -0.6% |
| SOY | 2021-03-06 | [U.S. grains: Soy futures rally on dry Argentina weather - Grainews](https://feedsoft.ai/events/8633-u-s-grains-soy-futures-rally-on-dry-argentina-weather-grainews.md) | -1.3% | -1.5% |
| CORN | 2017-07-27 | [Drier Weather Pushes Grain, Soybean Futures Higher \| Fox Business](https://feedsoft.ai/events/7124-drier-weather-pushes-grain-soybean-futures-higher-fox-business.md) | -1.3% | -7.0% |
| CORN | 2017-05-03 | [Grain, Soybean Futures Lifted by Weather Premium \| Fox Business](https://feedsoft.ai/events/10486-grain-soybean-futures-lifted-by-weather-premium-fox-business.md) | +0.5% | +1.2% |
| CORN | 2017-12-01 | [Grain, Soybean Futures End Week With a Bounce \| Fox Business](https://feedsoft.ai/events/67502-grain-soybean-futures-end-week-with-a-bounce-fox-business.md) | +0.4% | +6.2% |

## Sources

- foxbusiness.com: https://www.foxbusiness.com/features/grain-soybean-futures-rise-traders-watch-argentina-weather

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