# SAM trumps Uncle Sam… - Grain Central

> Nidera's Peter McMeekin says South American production problems, including southern drought and northern floods in Córdoba and Santa Fe, threaten summer crops. Estimates put soybean losses at 2 to 4 million tonnes, and March soybeans have rallied about US$0.78 a bushel since Christmas, with wheat and corn following.

- Date: 2017-01-24 · published 2017-01-24T12:00:00.000Z
- Category: weather · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/72846-sam-trumps-uncle-sam-grain-central
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Expected Argentine crop losses are lifting world soy, corn and wheat futures, while a strong Australian dollar erodes Australian grower returns.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2023-02-07 | [Supply uncertainty ignites CME meal - Grain Central](https://feedsoft.ai/events/12879-supply-uncertainty-ignites-cme-meal-grain-central.md) | +1.4% | +0.3% |
| SOY | 2022-01-11 | [The heat is on in South America - Grain Central](https://feedsoft.ai/events/43043-the-heat-is-on-in-south-america-grain-central.md) | -1.0% | +14.1% |
| SOY | 2022-03-24 | [Bad omen for central US weather \| World Grain](https://feedsoft.ai/events/42196-bad-omen-for-central-us-weather-world-grain.md) | -3.2% | +1.7% |
| SOY | 2017-05-01 | [Daily market wire 2 May 2017 - Grain Central](https://feedsoft.ai/events/6137-daily-market-wire-2-may-2017-grain-central.md) | +1.9% | -2.0% |
| SOY | 2019-05-21 | [Daily Market Wire 21 May 2019 - Grain Central](https://feedsoft.ai/events/5632-daily-market-wire-21-may-2019-grain-central.md) | +2.9% | +9.8% |
| CORN | 2021-04-26 | [Nowhere to run to, baby, nowhere to hide - Grain Central](https://feedsoft.ai/events/47445-nowhere-to-run-to-baby-nowhere-to-hide-grain-central.md) | +13.6% | +6.9% |
| CORN | 2022-01-11 | [The heat is on in South America - Grain Central](https://feedsoft.ai/events/43043-the-heat-is-on-in-south-america-grain-central.md) | -2.8% | +4.1% |
| CORN | 2022-03-24 | [Bad omen for central US weather \| World Grain](https://feedsoft.ai/events/42196-bad-omen-for-central-us-weather-world-grain.md) | +1.8% | +8.1% |

## Sources

- graincentral.com: https://www.graincentral.com/markets/sam-trumps-uncle-sam/

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