# Groundhog Day. Grains Mostly Lower. - ADM Investor Services

> Grains were mostly lower on Feb. 2, 2021, with soybeans down 8 cents on lack of new US soybean sales to China. Brazilian soybean harvest was only 1.9% complete as of Jan. 28, the slowest start in ten years, and AgRural forecast a record crop of 131.7 million tonnes.

- Date: 2021-02-02 · published 2021-02-02T12:00:00.000Z
- Category: weather · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/5825-groundhog-day-grains-mostly-lower-adm-investor-services
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

A record Brazilian crop forecast weighs on soybean and meal prices, while a slow harvest start could delay export flows and shift some demand toward US supplies.

## Read by commodity

- SBM: bearish ▼
- SBO: bearish ▼
- SOY: bearish ▼
- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2024-07-29 | [Wkly Futures Mkt Summary July 29.24 - ADM Investor Services](https://feedsoft.ai/events/6828-wkly-futures-mkt-summary-july-29-24-adm-investor-services.md) | -4.5% | -11.6% |
| SOY | 2024-10-28 | [Wkly Futures Market Summary For 10.28.24 - ADM Investor Services](https://feedsoft.ai/events/4680-wkly-futures-market-summary-for-10-28-24-adm-investor-services.md) | -0.5% | -0.4% |
| SOY | 2022-05-02 | [Grain markets close mostly lower in very volatile day of trade. Monday, May 2, 2022 03.05.2022 - UkrAgroConsult](https://feedsoft.ai/events/5841-grain-markets-close-mostly-lower-in-very-volatile-day-of-trade-monday-may-2.md) | -3.1% | +1.4% |
| SOY | 2025-07-07 | [Why the Grains Sector is "Feeling Down" Monday](https://feedsoft.ai/events/11927-why-the-grains-sector-is-feeling-down-monday.md) | -4.9% | -8.9% |
| SOY | 2022-11-25 | [GRAINS-Corn Futures Turn Higher, Wheat Hits Months-low on Choppy Trading Day](https://feedsoft.ai/events/12219-grains-corn-futures-turn-higher-wheat-hits-months-low-on-choppy-trading-day.md) | -0.4% | +2.2% |
| SBM | 2024-10-28 | [Wkly Futures Market Summary For 10.28.24 - ADM Investor Services](https://feedsoft.ai/events/4680-wkly-futures-market-summary-for-10-28-24-adm-investor-services.md) | -3.2% | -5.8% |
| SBM | 2018-06-11 | [Rain in much of Midwest sends soybeans, corn lower - Brownfield Ag News](https://feedsoft.ai/events/8247-rain-in-much-of-midwest-sends-soybeans-corn-lower-brownfield-ag-news.md) | -5.3% | -7.3% |
| SBM | 2024-10-24 | [Argentina Rains 'Turn Game Around' for Grains After Drought, Exchange Says](https://feedsoft.ai/events/13896-argentina-rains-turn-game-around-for-grains-after-drought-exchange-says.md) | -3.9% | -8.0% |

## Sources

- admis.com: https://www.admis.com/selling/

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