# World markets are on the move

> Protein markets rallied in early February on Argentine soybean drought and tight North American logistics after record snowfall and frozen waterways. Speculative funds unwound a large short position, pushing prices higher. UK soya prices rose about £20 per tonne since the start of the year.

- Date: 2018-02-05 · published 2018-02-05T12:00:00.000Z
- Category: weather · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/66566-world-markets-are-on-the-move
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Argentine drought and US logistics disruption tighten nearby soybean and soymeal supplies, supporting protein feed prices.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2017-01-13 | [Week 2: Overview of the world veg-oil market \| Greenea](https://feedsoft.ai/events/73069-week-2-overview-of-the-world-veg-oil-market-greenea.md) | +3.4% | +2.6% |
| SOY | 2021-04-21 | [As Corn Climbs Above $6, Here's What's Behind the Market Move - AgWeb](https://feedsoft.ai/events/10225-as-corn-climbs-above-6-here-s-what-s-behind-the-market-move-agweb.md) | +5.3% | +6.9% |
| SOY | 2020-10-05 | [Grain Markets Start the Week Higher - ProAg](https://feedsoft.ai/events/11633-grain-markets-start-the-week-higher-proag.md) | +4.4% | +3.5% |
| SOY | 2020-08-19 | [Midweek Markets: Where are grain prices headed next?](https://feedsoft.ai/events/51664-midweek-markets-where-are-grain-prices-headed-next.md) | +0.2% | +10.9% |
| SOY | 2018-01-19 | [GRAIN MARKETS: Soybeans step higher on South American weather](https://feedsoft.ai/events/12099-grain-markets-soybeans-step-higher-on-south-american-weather.md) | +2.0% | +5.3% |
| SBM | 2017-01-13 | [Week 2: Overview of the world veg-oil market \| Greenea](https://feedsoft.ai/events/73069-week-2-overview-of-the-world-veg-oil-market-greenea.md) | +7.6% | +5.5% |
| SBM | 2024-09-28 | [Soy futures soar on US weather woes - Markets - Business Recorder](https://feedsoft.ai/events/28337-soy-futures-soar-on-us-weather-woes-markets-business-recorder.md) | -2.5% | -10.5% |
| SBM | 2021-08-31 | [What to watch in the soybean market - Brownfield Ag News](https://feedsoft.ai/events/45592-what-to-watch-in-the-soybean-market-brownfield-ag-news.md) | -1.4% | -1.1% |

## Sources

- farminglife.com: https://www.farminglife.com/news/world-markets-are-on-the-move-1391050

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