# Grain futures trend higher amidst Argentine drought | Iowa Agribusiness Radio Network

> Corn and soybean futures rose as another hot, dry spell hit Argentina, with temperatures forecast in the 100s and almost a month without meaningful rain. Analysts noted Argentina supplies about half of world soymeal exports, and November soybeans traded near $10.10.

- Date: 2018-01-29 · published 2018-01-29T12:00:00.000Z
- Category: weather · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/67039-grain-futures-trend-higher-amidst-argentine-drought-iowa-agribusiness-radio
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Drought risk in Argentina threatens soybean and soymeal export supplies, supporting soy complex prices and raising the cost of protein feed for buyers.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2021-05-05 | [?Perfect storm? for grain futures, market analyst says \| Iowa Agribusiness Radio Network](https://feedsoft.ai/events/11305-perfect-storm-for-grain-futures-market-analyst-says-iowa-agribusiness-radio.md) | +3.8% | -0.9% |
| SOY | 2017-09-28 | [Midwest continues to see dry weather \| Iowa Agribusiness Radio Network](https://feedsoft.ai/events/68800-midwest-continues-to-see-dry-weather-iowa-agribusiness-radio-network.md) | -0.8% | +1.0% |
| SOY | 2024-10-24 | [South American planting is behind schedule \| Iowa Agribusiness Radio Network](https://feedsoft.ai/events/13543-south-american-planting-is-behind-schedule-iowa-agribusiness-radio-network.md) | -2.1% | -0.7% |
| SOY | 2017-11-17 | [Grain, Soybean Futures Rise; Traders Watch Argentina Weather \| Fox Business](https://feedsoft.ai/events/5282-grain-soybean-futures-rise-traders-watch-argentina-weather-fox-business.md) | +2.2% | -0.5% |
| SOY | 2026-09-11 | [Late-season weather adds uncertainty to Midwest corn and soybeans - Iowa Agribusiness Radio Network](https://feedsoft.ai/events/12965-late-season-weather-adds-uncertainty-to-midwest-corn-and-soybeans-iowa.md) | +0.3% | -2.2% |
| SBM | 2021-12-03 | [La Nina Is Set to Deliver Drought to Argentina’s Soybean Crop - AgriBusiness Global](https://feedsoft.ai/events/14064-la-nina-is-set-to-deliver-drought-to-argentina-s-soybean-crop-agribusiness.md) | +2.4% | +13.0% |
| SBM | 2021-03-06 | [U.S. grains: Soy futures rally on dry Argentina weather - Grainews](https://feedsoft.ai/events/8633-u-s-grains-soy-futures-rally-on-dry-argentina-weather-grainews.md) | -5.6% | -4.7% |
| SBM | 2018-02-18 | [Soybean rallies on supply worries amid Argentina drought - BusinessWorld Online](https://feedsoft.ai/events/66344-soybean-rallies-on-supply-worries-amid-argentina-drought-businessworld-online.md) | +1.0% | -3.9% |

## Sources

- iowaagribusinessradionetwork.com: https://iowaagribusinessradionetwork.com/grain-futures-trend-higher-amidst-argentine-drought/

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