# Rains in the South concern players; demand for soybean meal increases – Eita Gota

> Heavy rains in Rio Grande do Sul, Brazil's second-largest soybean state, raised quality concerns. Rumors of a possible strike in Argentina, the major soymeal exporter, boosted demand for Brazilian meal, lifting domestic and export premiums. Cepea soybean indices rose about 4% in April to the highest levels of the year.

- Date: 2024-05-06 · published 2024-05-06T12:00:00.000Z
- Category: weather · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/6449-rains-in-the-south-concern-players-demand-for-soybean-meal-increases-eita-gota
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Argentine strike risk and Brazilian quality concerns shift demand toward Brazilian soymeal, supporting meal prices and export premiums for feed buyers.

## Read by commodity

- SBM: bullish ▲
- SBO: bullish ▲
- SOY: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SBM | 2024-05-06 | 5 | +9.0% | 3.3 | Heavy Rio Grande do Sul rains and Argentine strike rumors boosted demand for Brazilian meal and premiums, a direct supply-risk driver on the date of the move. |
| SBM | 2024-05-06 | 1 | +4.3% | 5.0 | Dated May 6, it cites heavy Rio Grande do Sul rains and rumors of an Argentine strike, which lifted demand and premiums for Brazilian meal; this is a direct supply and trade-flow driver of the 1-day soymeal jump. |
| SBM | 2024-05-08 | 5 | +7.0% | 2.9 | Rio Grande do Sul rains and the Argentine strike rumors raised demand for Brazilian meal and premiums, supporting meal prices. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2022-12-14 | [Concerns over Argentine soybean crop raises meal prices in Brazil - DatamarNews](https://feedsoft.ai/events/38321-concerns-over-argentine-soybean-crop-raises-meal-prices-in-brazil-datamarnews.md) | +0.4% | +11.5% |
| SBM | 2018-01-22 | [The price of soybean meal is increasing due to the reduction in exports from Argentina](https://feedsoft.ai/events/12098-the-price-of-soybean-meal-is-increasing-due-to-the-reduction-in-exports-from.md) | +1.2% | +12.6% |
| SBM | 2024-03-27 | [Excessive rain and dry periods affect the soybean harvest in the South and Central-West - Revista Cultivar](https://feedsoft.ai/events/13583-excessive-rain-and-dry-periods-affect-the-soybean-harvest-in-the-south-and.md) | -2.7% | +1.9% |
| SBM | 2025-05-08 | [RS 2024/25 Harvest: soybean harvest progresses, but losses in the field are a concern - Cultivar Magazine](https://feedsoft.ai/events/13496-rs-2024-25-harvest-soybean-harvest-progresses-but-losses-in-the-field-are-a.md) | -0.7% | +2.4% |
| SBM | 2026-02-25 | [Soybeans Rally with the Help of Meal](https://feedsoft.ai/events/5500-soybeans-rally-with-the-help-of-meal.md) | +0.5% | +4.1% |
| SOY | 2026-02-11 | [Lack of rain pressures corn and soybeans in the South](https://feedsoft.ai/events/13451-lack-of-rain-pressures-corn-and-soybeans-in-the-south.md) | +1.0% | +6.9% |
| SOY | 2026-02-01 | [Hot dry spells and extreme rain increased corn and soybean prices in the United States Midwest](https://feedsoft.ai/events/13022-hot-dry-spells-and-extreme-rain-increased-corn-and-soybean-prices-in-the-united.md) | +4.8% | +8.1% |
| SOY | 2021-04-13 | [Drought in Plains a Concern for U.S. Corn and Soy Crops](https://feedsoft.ai/events/47437-drought-in-plains-a-concern-for-u-s-corn-and-soy-crops.md) | +4.9% | +17.2% |

## Sources

- eitagota.com.br: https://eitagota.com.br/2024/05/06/rains-in-the-south-concern-players-demand-for-soybean-meal-increases/

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