# La Niña Chases Soybean Futures Higher | Fox Business

> Soybean futures rose to a four-and-a-half month high as traders bought on the La Niña risk and dryness in Argentina and southern Brazil. Informa trimmed its Brazilian soybean estimate to 110 million tons and cut its corn estimate to 89 million.

- Date: 2017-12-05 · published 2017-12-05T12:00:00.000Z
- Category: weather · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/67406-la-nina-chases-soybean-futures-higher-fox-business
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Dryness-driven yield risk and Informa's smaller Brazilian crop estimates tighten South American supplies, supporting soybean, meal and corn prices.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2017-07-27 | [Drier Weather Pushes Grain, Soybean Futures Higher \| Fox Business](https://feedsoft.ai/events/7124-drier-weather-pushes-grain-soybean-futures-higher-fox-business.md) | -2.3% | -5.4% |
| SOY | 2020-07-11 | [CBOT soyabean futures higher - Markets - Business Recorder](https://feedsoft.ai/events/11496-cbot-soyabean-futures-higher-markets-business-recorder.md) | +0.7% | -2.4% |
| SOY | 2017-07-14 | [Corn, Soybean Futures Climb After Week of Losses \| Fox Business](https://feedsoft.ai/events/11082-corn-soybean-futures-climb-after-week-of-losses-fox-business.md) | +4.2% | -4.3% |
| SOY | 2017-05-03 | [Grain, Soybean Futures Lifted by Weather Premium \| Fox Business](https://feedsoft.ai/events/10486-grain-soybean-futures-lifted-by-weather-premium-fox-business.md) | +0.8% | -4.4% |
| SOY | 2017-12-01 | [Grain, Soybean Futures End Week With a Bounce \| Fox Business](https://feedsoft.ai/events/67502-grain-soybean-futures-end-week-with-a-bounce-fox-business.md) | +0.6% | -3.4% |
| CORN | 2017-07-27 | [Drier Weather Pushes Grain, Soybean Futures Higher \| Fox Business](https://feedsoft.ai/events/7124-drier-weather-pushes-grain-soybean-futures-higher-fox-business.md) | -1.3% | -7.0% |
| CORN | 2017-07-14 | [Corn, Soybean Futures Climb After Week of Losses \| Fox Business](https://feedsoft.ai/events/11082-corn-soybean-futures-climb-after-week-of-losses-fox-business.md) | +5.3% | -1.2% |
| CORN | 2017-05-03 | [Grain, Soybean Futures Lifted by Weather Premium \| Fox Business](https://feedsoft.ai/events/10486-grain-soybean-futures-lifted-by-weather-premium-fox-business.md) | +0.5% | +1.2% |

## Sources

- foxbusiness.com: https://www.foxbusiness.com/features/la-nina-chases-soybean-futures-higher

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