# Soy futures fall to two-month low as favorable rains reach Brazil | Financial Post

> US soybean futures fell to a two-month low on Nov 27, 2019, on technical selling and expectations that rains would benefit South American crops. Corn and wheat also declined ahead of the Thanksgiving closure. The most-active soybean contract dropped to $8.82 a bushel.

- Date: 2019-11-27 · published 2019-11-27T12:00:00.000Z
- Category: weather · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/56100-soy-futures-fall-to-two-month-low-as-favorable-rains-reach-brazil-financial-post
- 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

Improving Brazilian rainfall lowers the risk of a South American supply shortfall, and with no China deal signed, US soybean demand looks weak, keeping soybean and meal prices under pressure.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼
- CORN: bearish ▼
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2016-12-16 | [Favorable Rain Boosts Brazil Crops](https://feedsoft.ai/events/73320-favorable-rain-boosts-brazil-crops.md) | -3.4% | +3.9% |
| SOY | 2024-07-10 | [U.S. grains: Soy futures fall to 2020 low on strong US crop prospects](https://feedsoft.ai/events/11196-u-s-grains-soy-futures-fall-to-2020-low-on-strong-us-crop-prospects.md) | -6.1% | -11.5% |
| SOY | 2023-11-25 | [Soybeans fall as rain benefits top supplier Brazil - Markets - Business Recorder](https://feedsoft.ai/events/33226-soybeans-fall-as-rain-benefits-top-supplier-brazil-markets-business-recorder.md) | -0.4% | -2.3% |
| SOY | 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) | -1.4% | +0.1% |
| SOY | 2021-01-12 | [CBOT soyabean futures fall on better rains - Markets - Business Recorder](https://feedsoft.ai/events/9542-cbot-soyabean-futures-fall-on-better-rains-markets-business-recorder.md) | +0.8% | +2.0% |
| SBM | 2016-12-16 | [Favorable Rain Boosts Brazil Crops](https://feedsoft.ai/events/73320-favorable-rain-boosts-brazil-crops.md) | -1.5% | +11.1% |
| SBM | 2024-07-10 | [U.S. grains: Soy futures fall to 2020 low on strong US crop prospects](https://feedsoft.ai/events/11196-u-s-grains-soy-futures-fall-to-2020-low-on-strong-us-crop-prospects.md) | -9.3% | -6.5% |
| SBM | 2023-11-25 | [Soybeans fall as rain benefits top supplier Brazil - Markets - Business Recorder](https://feedsoft.ai/events/33226-soybeans-fall-as-rain-benefits-top-supplier-brazil-markets-business-recorder.md) | -5.8% | -11.3% |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/soy-futures-fall-to-two-month-low-as-favorable-rains-reach-brazil

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