# Funds snatch up CBOT soybeans as South America dries out -Braun | Financial Post

> Speculators bought CBOT soybeans in the last two weeks of 2021, their largest buying streak in over a year, pushing futures to five-month highs. Dry weather in Argentina and southern Brazil drove the buying, while funds also raised their net long in corn.

- Date: 2022-01-03 · published 2022-01-03T12:00:00.000Z
- Category: market · region South America · magnitude medium
- Page: https://feedsoft.ai/events/5768-funds-snatch-up-cbot-soybeans-as-south-america-dries-out-braun-financial-post
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Dry South American weather threatens soybean and corn supplies from the largest exporters, supporting prices for feed buyers. Fund buying adds momentum that can amplify the rally.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲
- CORN: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SBM | 2022-01-07 | 5 | +9.2% | 3.2 | Record speculative fund buying streak in CBOT soybeans on South American dryness pushed futures to five-month highs, adding sentiment and positioning-driven momentum that carries into meal. |
| SBM | 2022-01-03 | 1 | +7.9% | 5.9 | Record fund buying streak in CBOT soybeans through late 2021 on dry Argentina/southern Brazil weather pushed futures to five-month highs, a sentiment and supply-risk driver consistent with a sharp soybean meal rally on 2022-01-03. |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/funds-snatch-up-cbot-soybeans-as-south-america-dries-out-braun

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