# Top five weather risks for grain markets in 2018 - 10 January 2018 Premium

> A report from INTL FCStone by Dr Rory Deverell outlines key weather risks for grain markets in 2018. It notes a major weather-related yield decline occurs on average about one season in three, and that the market is overdue for one. Dry conditions in Argentina's Cordoba province, with rainfall 15% below normal, are cited as an immediate risk for soybeans and soymeal.

- Date: 2018-01-10 · published 2018-01-10T12:00:00.000Z
- Category: weather · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/66931-top-five-weather-risks-for-grain-markets-in-2018-10-january-2018-premium
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Dry Argentine planting conditions threaten soybean and soymeal supply from a major exporter, which would lift soymeal prices, while palm oil supply could be disrupted by temperature extremes in Southeast Asia. Buyers who forward bought face downside risk if rains arrive.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲
- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2023-12-22 | [Grains respond to continued hot, dry weather in Brazil - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/11282-grains-respond-to-continued-hot-dry-weather-in-brazil-agweek-1-source-for.md) | -1.9% | -7.5% |
| SBM | 2022-01-27 | [Market Perspectives – January 27, 2022 - Page 7 of 10 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/14967-market-perspectives-january-27-2022-page-7-of-10-u-s-grains-and-bioproducts.md) | +7.8% | +15.4% |
| SBM | 2023-12-26 | [Brazil Forecasts Push Grain Markets Higher \| Tuesday, December 26, 2023](https://feedsoft.ai/events/11280-brazil-forecasts-push-grain-markets-higher-tuesday-december-26-2023.md) | -1.8% | -8.4% |
| SBM | 2018-02-16 | [Wheat Holds Weather Premium](https://feedsoft.ai/events/66557-wheat-holds-weather-premium.md) | +0.5% | -0.2% |
| SBM | 2018-02-22 | [Market Perspectives - February 22, 2018 - Page 7 of 11 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/66562-market-perspectives-february-22-2018-page-7-of-11-u-s-grains-and-bioproducts.md) | +4.3% | -3.6% |
| SOY | 2021-08-24 | [Dry weather risk for 2021/22 South American crops: Grain market daily \| AHDB](https://feedsoft.ai/events/45430-dry-weather-risk-for-2021-22-south-american-crops-grain-market-daily-ahdb.md) | +0.8% | -1.5% |
| SOY | 2017-06-09 | [Weather fears bolster grain markets against](https://feedsoft.ai/events/70424-weather-fears-bolster-grain-markets-against.md) | -0.3% | +6.2% |
| SOY | 2024-04-22 | [U.S. grains: Wheat futures rally as weather risks rattle markets - AgCanada](https://feedsoft.ai/events/12140-u-s-grains-wheat-futures-rally-as-weather-risks-rattle-markets-agcanada.md) | +0.8% | +6.7% |

## Sources

- farmersjournal.ie: https://www.farmersjournal.ie/tillage/markets/top-five-weather-risks-for-grain-markets-in-2018-336389

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