# Weather provides more support in corn, soybeans, and wheat - Brownfield Ag News

> Soybeans, corn and wheat gained on commercial and speculative buying, with soybeans closing near session highs and a new contract high for May. Buenos Aires Grain Exchange rated 76% of Argentina's beans and corn in poor to very poor condition and cut its soybean production outlook to 44 million tons. China and unknown buyers also purchased 246,000 tons of U.S. soybeans combined.

- Date: 2018-03-01 · published 2018-03-01T12:00:00.000Z
- Category: weather · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/66079-weather-provides-more-support-in-corn-soybeans-and-wheat-brownfield-ag-news
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Argentine drought losses tighten South American export supply and support global soybean, meal and corn prices, while Chinese purchases add demand support.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2017-05-01 | [Weather woes support corn, soybeans, wheat - Brownfield Ag News](https://feedsoft.ai/events/10482-weather-woes-support-corn-soybeans-wheat-brownfield-ag-news.md) | +1.9% | -2.0% |
| SOY | 2023-08-25 | [More weather support for soybeans - Brownfield Ag News](https://feedsoft.ai/events/34665-more-weather-support-for-soybeans-brownfield-ag-news.md) | -0.4% | -5.1% |
| SOY | 2017-07-27 | [Weather forecasts support soybeans, corn - Brownfield Ag News](https://feedsoft.ai/events/7126-weather-forecasts-support-soybeans-corn-brownfield-ag-news.md) | -2.3% | -5.4% |
| SOY | 2026-03-06 | [Soybeans, corn, wheat see more support from drop in the dollar - Brownfield Ag News](https://feedsoft.ai/events/9854-soybeans-corn-wheat-see-more-support-from-drop-in-the-dollar-brownfield-ag-news.md) | +4.2% | -0.0% |
| SOY | 2017-07-14 | [Soybeans, corn supported by renewed weather concerns - Brownfield Ag News](https://feedsoft.ai/events/69796-soybeans-corn-supported-by-renewed-weather-concerns-brownfield-ag-news.md) | +4.2% | -4.3% |
| CORN | 2017-05-01 | [Weather woes support corn, soybeans, wheat - Brownfield Ag News](https://feedsoft.ai/events/10482-weather-woes-support-corn-soybeans-wheat-brownfield-ag-news.md) | +1.1% | +4.2% |
| CORN | 2017-07-27 | [Weather forecasts support soybeans, corn - Brownfield Ag News](https://feedsoft.ai/events/7126-weather-forecasts-support-soybeans-corn-brownfield-ag-news.md) | -1.3% | -7.0% |
| CORN | 2026-03-06 | [Soybeans, corn, wheat see more support from drop in the dollar - Brownfield Ag News](https://feedsoft.ai/events/9854-soybeans-corn-wheat-see-more-support-from-drop-in-the-dollar-brownfield-ag-news.md) | +1.2% | +2.2% |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/weather-provides-support-corn-soybeans-wheat/

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