# CBOT weekly outlook: Corn, soy steady as attention turns to South America - AgCanada

> CBOT soybeans rose nearly 20 cents in the week ended October 18 to $9.835 per bushel, while December corn gained 2.5 cents to $3.485. Analysts cite a USDA cut to the national soybean yield and strong Chinese buying. Corn harvest is slow due to high moisture, and attention is shifting to dry conditions in northern Brazil and wet conditions in southern Brazil and northern Argentina.

- Date: 2017-10-19 · published 2017-10-19T12:00:00.000Z
- Category: weather · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/68492-cbot-weekly-outlook-corn-soy-steady-as-attention-turns-to-south-america-agcanada
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Strong Chinese demand and a USDA yield cut support soybeans, while South American weather concerns add upside risk for the coming crop.

## Read by commodity

- SOY: bullish ▲
- CORN: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2017-01-18 | [CBOT weekly outlook: Soy, corn can't keep their distance from Argentina - AgCanada](https://feedsoft.ai/events/73015-cbot-weekly-outlook-soy-corn-can-t-keep-their-distance-from-argentina-agcanada.md) | -1.0% | -2.3% |
| SOY | 2019-01-23 | [U.S. grains: Soybeans firm on South America weather worries - AgCanada](https://feedsoft.ai/events/7654-u-s-grains-soybeans-firm-on-south-america-weather-worries-agcanada.md) | +1.1% | -0.7% |
| SOY | 2019-08-30 | [U.S. grains: Corn, soy set one-week highs on weather concerns - AgCanada](https://feedsoft.ai/events/5702-u-s-grains-corn-soy-set-one-week-highs-on-weather-concerns-agcanada.md) | -1.3% | +3.1% |
| SOY | 2022-02-10 | [La Nina Continues to Affect South American Corn and Soybeans](https://feedsoft.ai/events/13744-la-nina-continues-to-affect-south-american-corn-and-soybeans.md) | -0.5% | +6.6% |
| SOY | 2021-01-26 | [Dry Crop Season in South America to Continue](https://feedsoft.ai/events/48975-dry-crop-season-in-south-america-to-continue.md) | +1.6% | +4.7% |
| CORN | 2023-07-27 | [Feed weekly outlook: wheat, barley prices still on the rise  - AgCanada](https://feedsoft.ai/events/12891-feed-weekly-outlook-wheat-barley-prices-still-on-the-rise-agcanada.md) | -13.2% | -14.2% |
| CORN | 2023-06-01 | [Feed weekly outlook: Weather market will determine grain prices - AgCanada](https://feedsoft.ai/events/35565-feed-weekly-outlook-weather-market-will-determine-grain-prices-agcanada.md) | -2.2% | -3.2% |
| CORN | 2021-09-23 | [CBOT oats climb on supply woes - AgCanada](https://feedsoft.ai/events/45122-cbot-oats-climb-on-supply-woes-agcanada.md) | +1.3% | +2.0% |

## Sources

- agcanada.com: https://www.agcanada.com/daily/cbot-weekly-outlook-corn-soy-steady-as-attention-turns-to-south-america

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