# U.S. grains: Soy futures ease on rains in South American forecasts - Grainews

> US soybean futures eased from a five-week high as rains in Argentina and southern Brazil improved crop prospects for rival exporters. Brazil is expected to harvest a record crop, and China has increasingly turned to Brazil over the US amid the trade war. The Phase One deal, announced Dec. 13, is set to be signed in early January.

- Date: 2019-12-19 · published 2019-12-19T12:00:00.000Z
- Category: weather · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/55628-u-s-grains-soy-futures-ease-on-rains-in-south-american-forecasts-grainews
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Improved South American crop prospects add supply competition for US exports and weigh on soybean and meal prices.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2023-10-30 | [U.S. grains: South America rains push soy futures down - Grainews](https://feedsoft.ai/events/33658-u-s-grains-south-america-rains-push-soy-futures-down-grainews.md) | +2.3% | +2.5% |
| SOY | 2017-01-03 | [U.S. grains: Soy hits six-week low on South American prospects - Grainews](https://feedsoft.ai/events/73024-u-s-grains-soy-hits-six-week-low-on-south-american-prospects-grainews.md) | 0.0% | +2.8% |
| SOY | 2021-01-19 | [Soybeans fall on South American rainfall](https://feedsoft.ai/events/8231-soybeans-fall-on-south-american-rainfall.md) | -5.2% | -2.3% |
| SOY | 2021-10-21 | [U.S. grains: Soy down on South American weather, technical pressure - AgCanada](https://feedsoft.ai/events/44600-u-s-grains-soy-down-on-south-american-weather-technical-pressure-agcanada.md) | -0.5% | +2.5% |
| SOY | 2024-07-26 | [U.S. grains: Soy tumbles as U.S. rain forecast offers relief \| Farmtario](https://feedsoft.ai/events/29281-u-s-grains-soy-tumbles-as-u-s-rain-forecast-offers-relief-farmtario.md) | -8.4% | -15.7% |
| SBM | 2023-10-30 | [U.S. grains: South America rains push soy futures down - Grainews](https://feedsoft.ai/events/33658-u-s-grains-south-america-rains-push-soy-futures-down-grainews.md) | +0.4% | +4.9% |
| SBM | 2017-01-03 | [U.S. grains: Soy hits six-week low on South American prospects - Grainews](https://feedsoft.ai/events/73024-u-s-grains-soy-hits-six-week-low-on-south-american-prospects-grainews.md) | -1.0% | +6.9% |
| SBM | 2022-01-14 | [Soybeans down on rain potential in South America - Brownfield Ag News](https://feedsoft.ai/events/7366-soybeans-down-on-rain-potential-in-south-america-brownfield-ag-news.md) | -4.6% | +6.9% |

## Sources

- grainews.ca: https://www.grainews.ca/daily/u-s-grains-soy-futures-ease-on-rains-in-south-american-forecasts/

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