# Dry spell in Argentina may spoil buzz for soybean markets

> Karen Braun says soybean bulls have been driven by excess rain in Argentina's Soybean Belt, with Chicago March soybeans reaching a six-month high after the rain news. She expects a shift to drier weather that could ease crop concerns and reduce the rally.

- Date: 2017-01-31 · published 2017-01-31T12:00:00.000Z
- Category: weather · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/72847-dry-spell-in-argentina-may-spoil-buzz-for-soybean-markets
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

A forecast return to dry weather in Argentina would reduce crop loss fears and could pressure soybean and meal prices from recent highs.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2026-02-20 | [Rainfall Prevents Drop in Soybean Productivity in Argentina](https://feedsoft.ai/events/13807-rainfall-prevents-drop-in-soybean-productivity-in-argentina.md) | +0.6% | +2.4% |
| SOY | 2024-03-25 | [Argentina soybean harvest accelerates on dryer weather \| Latest Market News](https://feedsoft.ai/events/13934-argentina-soybean-harvest-accelerates-on-dryer-weather-latest-market-news.md) | -0.6% | -2.6% |
| SOY | 2022-11-14 | [Argentina exchange cuts wheat outlook again, rains spell hope for soy](https://feedsoft.ai/events/13999-argentina-exchange-cuts-wheat-outlook-again-rains-spell-hope-for-soy.md) | -1.9% | +0.3% |
| SOY | 2023-06-28 | [The Flush in Grain and Soybean Complex Futures Markets Continued Today](https://feedsoft.ai/events/35579-the-flush-in-grain-and-soybean-complex-futures-markets-continued-today.md) | +3.5% | +3.4% |
| SOY | 2023-04-01 | [Record in Brazil, Drop in Argentina: Contrasting Soybean Harvests in South America - farmdoc daily](https://feedsoft.ai/events/13656-record-in-brazil-drop-in-argentina-contrasting-soybean-harvests-in-south.md) | -1.2% | -3.4% |
| SBM | 2026-02-20 | [Rainfall Prevents Drop in Soybean Productivity in Argentina](https://feedsoft.ai/events/13807-rainfall-prevents-drop-in-soybean-productivity-in-argentina.md) | +5.3% | +9.4% |
| SBM | 2023-06-28 | [The Flush in Grain and Soybean Complex Futures Markets Continued Today](https://feedsoft.ai/events/35579-the-flush-in-grain-and-soybean-complex-futures-markets-continued-today.md) | +2.4% | +12.8% |
| SBM | 2023-04-01 | [Record in Brazil, Drop in Argentina: Contrasting Soybean Harvests in South America - farmdoc daily](https://feedsoft.ai/events/13656-record-in-brazil-drop-in-argentina-contrasting-soybean-harvests-in-south.md) | -2.6% | -5.8% |

## Sources

- manitobacooperator.ca: https://www.manitobacooperator.ca/news-opinion/news/dry-spell-in-argentina-may-spoil-buzz-for-soybean-markets/

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