# U.S. grains: Soybeans retreat on Brazil rains, technical selling - AgCanada

> Chicago soybean futures fell on Monday on forecasts of crop-boosting rains in Brazil, technical selling and month-end positioning. Brazilian farmers had planted 30% of soy area through Thursday, roughly in line with the five-year average. Concerns about lower US soy protein levels also weighed on prices.

- Date: 2017-10-30 · published 2017-10-30T12:00:00.000Z
- Category: weather · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/68486-u-s-grains-soybeans-retreat-on-brazil-rains-technical-selling-agcanada
- 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

Rains in Brazil improve planting prospects and reduce near-term supply risk, while lower US protein could shift some export demand toward Brazilian soy, weighing on soybean and meal prices.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼
- CORN: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2021-10-21 | [U.S. grains: Soy down on South American weather, technical pressure - AgCanada](https://feedsoft.ai/events/44600-u-s-grains-soy-down-on-south-american-weather-technical-pressure-agcanada.md) | -0.5% | +2.5% |
| SOY | 2019-09-11 | [U.S. grains: Soybeans, corn ease on crop-boosting weather - AgCanada](https://feedsoft.ai/events/9148-u-s-grains-soybeans-corn-ease-on-crop-boosting-weather-agcanada.md) | +4.0% | +7.1% |
| SOY | 2017-03-07 | [U.S. grains: Soy, corn fall on Brazil crop expectations - AgCanada](https://feedsoft.ai/events/72036-u-s-grains-soy-corn-fall-on-brazil-crop-expectations-agcanada.md) | -3.0% | -8.6% |
| SOY | 2021-06-17 | [U.S. grains: Corn, soy plunge on weather, broad commodities sell-off - AgCanada](https://feedsoft.ai/events/5762-u-s-grains-corn-soy-plunge-on-weather-broad-commodities-sell-off-agcanada.md) | -4.4% | -0.1% |
| SOY | 2019-07-02 | [U.S. grains: Corn, soy ease on warmer weather - AgCanada](https://feedsoft.ai/events/58125-u-s-grains-corn-soy-ease-on-warmer-weather-agcanada.md) | -0.3% | -0.8% |
| SBM | 2017-03-07 | [U.S. grains: Soy, corn fall on Brazil crop expectations - AgCanada](https://feedsoft.ai/events/72036-u-s-grains-soy-corn-fall-on-brazil-crop-expectations-agcanada.md) | -0.7% | -6.6% |
| SBM | 2021-06-17 | [U.S. grains: Corn, soy plunge on weather, broad commodities sell-off - AgCanada](https://feedsoft.ai/events/5762-u-s-grains-corn-soy-plunge-on-weather-broad-commodities-sell-off-agcanada.md) | -5.2% | -2.7% |
| SBM | 2025-03-17 | [U.S. grains: Wheat climbs on fears of wind damage to US crop - AgCanada](https://feedsoft.ai/events/5620-u-s-grains-wheat-climbs-on-fears-of-wind-damage-to-us-crop-agcanada.md) | +0.4% | +0.7% |

## Sources

- agcanada.com: https://www.agcanada.com/daily/u-s-grains-soybeans-retreat-on-brazil-rains-technical-selling

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