# U.S. grains: Soybeans up with session peak highest since July - AgCanada

> Chicago soybeans closed higher at $13.94-3/4 a bushel, reaching their highest level since July on South American weather risks. Corn fell 7-1/4 cents to $6.02-1/4 and CBOT wheat fell 9-1/4 cents to $7.60-3/4. Dryness in Argentina and southern Brazil threatened crops, while excess rain in northern Brazil slowed harvest.

- Date: 2022-01-05 · published 2022-01-05T12:00:00.000Z
- Category: weather · region South America · magnitude medium
- Page: https://feedsoft.ai/events/5774-u-s-grains-soybeans-up-with-session-peak-highest-since-july-agcanada
- 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

Yield-loss risks in major exporting countries support soybean and corn prices. Harvest delays from wet weather in northern Brazil may also tighten near-term export availability.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2021-04-23 | [U.S. grains: Corn highest since 2013 - AgCanada](https://feedsoft.ai/events/10295-u-s-grains-corn-highest-since-2013-agcanada.md) | +0.6% | 0.0% |
| SOY | 2022-01-19 | [U.S. grains: Wheat, corn rally to highest since December - AgCanada](https://feedsoft.ai/events/11816-u-s-grains-wheat-corn-rally-to-highest-since-december-agcanada.md) | +3.4% | +14.0% |
| SOY | 2021-07-14 | [U.S. grains: Corn, soybeans up on weather worries - AgCanada](https://feedsoft.ai/events/45918-u-s-grains-corn-soybeans-up-on-weather-worries-agcanada.md) | +0.4% | +0.7% |
| SOY | 2021-01-05 | [U.S. grains: Soybeans set fresh high on supply worries, technical buying - AgCanada](https://feedsoft.ai/events/11549-u-s-grains-soybeans-set-fresh-high-on-supply-worries-technical-buying-agcanada.md) | +4.4% | +2.9% |
| SOY | 2019-08-30 | [U.S. grains: Corn, soy set one-week highs on weather concerns - AgCanada](https://feedsoft.ai/events/5702-u-s-grains-corn-soy-set-one-week-highs-on-weather-concerns-agcanada.md) | -1.3% | +3.1% |
| CORN | 2021-04-23 | [U.S. grains: Corn highest since 2013 - AgCanada](https://feedsoft.ai/events/10295-u-s-grains-corn-highest-since-2013-agcanada.md) | +10.5% | +8.1% |
| CORN | 2022-01-19 | [U.S. grains: Wheat, corn rally to highest since December - AgCanada](https://feedsoft.ai/events/11816-u-s-grains-wheat-corn-rally-to-highest-since-december-agcanada.md) | +2.1% | +6.9% |
| CORN | 2021-07-14 | [U.S. grains: Corn, soybeans up on weather worries - AgCanada](https://feedsoft.ai/events/45918-u-s-grains-corn-soybeans-up-on-weather-worries-agcanada.md) | -9.8% | -13.0% |

## Sources

- agcanada.com: https://www.agcanada.com/daily/u-s-grains-soybeans-up-with-session-peak-highest-since-july

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