# After the Bell | December 28, 2022 - Pro Farmer

> March soybeans rose 25 cents to $15.14 1/4, the highest close since June, and March soymeal surged $13.50 to $461.30. March corn hit a seven-week high on dryness concerns in Argentina, and SRW and HRW wheat rose on improved global demand and U.S. Plains cold damage.

- Date: 2022-12-28 · published 2022-12-28T12:00:00.000Z
- Category: weather · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/7012-after-the-bell-december-28-2022-pro-farmer
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Argentine dryness threatens South American supply, lifting soybean and meal values and feed grain prices for buyers.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲
- CORN: bullish ▲
- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SBM | 2023-01-02 | 1 | +4.0% | 3.8 | Earlier rally in soymeal and soybeans on Argentine dryness shows the weather premium was building and momentum carried into the move, though it predates the window by several days. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2022-07-29 | [After the Bell \| July 29, 2022 - Pro Farmer](https://feedsoft.ai/events/8746-after-the-bell-july-29-2022-pro-farmer.md) | +0.4% | -3.5% |
| SOY | 2022-02-01 | [After the Bell \| February 1, 2022 - Pro Farmer](https://feedsoft.ai/events/12635-after-the-bell-february-1-2022-pro-farmer.md) | +6.1% | +14.4% |
| SOY | 2022-01-05 | [After the Bell \| January 5, 2022 - Pro Farmer](https://feedsoft.ai/events/5771-after-the-bell-january-5-2022-pro-farmer.md) | -0.1% | +12.1% |
| SOY | 2022-01-04 | [Ahead of the Open \| January 4, 2022 - Pro Farmer](https://feedsoft.ai/events/5775-ahead-of-the-open-january-4-2022-pro-farmer.md) | +2.3% | +13.7% |
| SOY | 2023-10-24 | [Ahead of the Open \| October 24, 2023 - Pro Farmer](https://feedsoft.ai/events/10316-ahead-of-the-open-october-24-2023-pro-farmer.md) | -0.3% | +6.3% |
| SBM | 2022-02-01 | [After the Bell \| February 1, 2022 - Pro Farmer](https://feedsoft.ai/events/12635-after-the-bell-february-1-2022-pro-farmer.md) | +7.2% | +7.8% |
| SBM | 2022-01-05 | [After the Bell \| January 5, 2022 - Pro Farmer](https://feedsoft.ai/events/5771-after-the-bell-january-5-2022-pro-farmer.md) | +0.0% | +2.1% |
| SBM | 2024-10-21 | [Market Snapshot \| October 21, 2024 - Pro Farmer](https://feedsoft.ai/events/11151-market-snapshot-october-21-2024-pro-farmer.md) | -3.2% | -8.1% |

## Sources

- profarmer.com: https://www.profarmer.com/news/after-bell/after-bell-december-28-2022

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