# Markets waiting for certainty on South American summer crop - Grain Central

> Nidera Australia's origination manager says markets are focused on South American weather, with fears of Argentine losses easing after favorable rains in Brazil and Argentina. Chicago soybean futures have fallen almost 50 cents per bushel from the mid-January high. Argentina's soybean output is estimated near 55 million tonnes.

- Date: 2017-02-07 · published 2017-02-07T12:00:00.000Z
- Category: weather · region South America · magnitude low
- Page: https://feedsoft.ai/events/72338-markets-waiting-for-certainty-on-south-american-summer-crop-grain-central
- 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

Easing South American weather concerns and stable crop estimates have pulled soybean futures lower, which lowers the cost of soy-based feed ingredients.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2025-12-12 | [La Niña Is Fading: What It Means for South American Crop Potential - AgWeb](https://feedsoft.ai/events/21412-la-nina-is-fading-what-it-means-for-south-american-crop-potential-agweb.md) | -3.8% | -5.5% |
| SOY | 2019-12-19 | [U.S. grains: Soy futures ease on rains in South American forecasts - Grainews](https://feedsoft.ai/events/55628-u-s-grains-soy-futures-ease-on-rains-in-south-american-forecasts-grainews.md) | +1.0% | +0.1% |
| SOY | 2021-01-20 | [Soybeans down for third session on South America rains; wheat, corn fall - Markets - Business Recorder](https://feedsoft.ai/events/8238-soybeans-down-for-third-session-on-south-america-rains-wheat-corn-fall-markets.md) | -1.1% | -0.1% |
| SOY | 2024-01-29 | [U.S. grains: Soy hits 2-yr lows on South American crop prospects, demand worries - Manitoba Co-operator](https://feedsoft.ai/events/6842-u-s-grains-soy-hits-2-yr-lows-on-south-american-crop-prospects-demand-worries.md) | -1.7% | -6.1% |
| SOY | 2021-01-19 | [Soybeans fall on South American rainfall](https://feedsoft.ai/events/8231-soybeans-fall-on-south-american-rainfall.md) | -5.2% | -2.3% |
| SBM | 2025-12-12 | [La Niña Is Fading: What It Means for South American Crop Potential - AgWeb](https://feedsoft.ai/events/21412-la-nina-is-fading-what-it-means-for-south-american-crop-potential-agweb.md) | -0.0% | -0.7% |
| SBM | 2019-12-19 | [U.S. grains: Soy futures ease on rains in South American forecasts - Grainews](https://feedsoft.ai/events/55628-u-s-grains-soy-futures-ease-on-rains-in-south-american-forecasts-grainews.md) | -1.1% | -0.8% |
| SBM | 2024-01-29 | [U.S. grains: Soy hits 2-yr lows on South American crop prospects, demand worries - Manitoba Co-operator](https://feedsoft.ai/events/6842-u-s-grains-soy-hits-2-yr-lows-on-south-american-crop-prospects-demand-worries.md) | +1.7% | -5.1% |

## Sources

- graincentral.com: https://www.graincentral.com/markets/markets-waiting-for-certainty-on-south-american-summer-crop/

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