# Weather is the key to higher soybean prices

> Analyst Kevin Van Trump says Argentine drought is creating large production headwinds for soybeans. Argentine farmers may hold back supplies amid high inflation and political uncertainty. He flags Brazilian currency and political risks and the need for US yields near 50 bushels per acre.

- Date: 2018-03-02 · published 2018-03-02T12:00:00.000Z
- Category: market · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/66038-weather-is-the-key-to-higher-soybean-prices
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

Argentine farmers holding back beans tightens near-term soybean and meal availability for crushers. Weather and currency swings remain key drivers of soybean and meal price direction.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲
- USDBRL: neutral

## Sources

- farmprogress.com: https://www.farmprogress.com/marketing/weather-is-the-key-to-higher-soybean-prices

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