# News in brief

> USDA FAS projects Algeria's 2016/17 wheat imports at 8.0 million tons, down from 8.2 million, on higher domestic crops. Argentina flooding damaged 12.7 million decares of crops, including soybean and corn, and Canada's grain exports for the first 24 weeks were 2% lower year on year.

- Date: 2017-01-30 · published 2017-01-30T12:00:00.000Z
- Category: weather · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/72965-news-in-brief
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Argentine flood damage to soybeans and corn tightens South American supply and supports soybean and corn prices, while lower Algerian wheat imports soften wheat demand slightly.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2023-04-25 | [DTN Ag Weather Brief](https://feedsoft.ai/events/13284-dtn-ag-weather-brief.md) | -0.7% | -8.5% |
| SOY | 2016-04-20 | [Soybeans surge again - Brownfield Ag News](https://feedsoft.ai/events/7723-soybeans-surge-again-brownfield-ag-news.md) | +3.3% | +9.6% |
| SOY | 2021-08-31 | [What to watch in the soybean market - Brownfield Ag News](https://feedsoft.ai/events/45592-what-to-watch-in-the-soybean-market-brownfield-ag-news.md) | -2.8% | -2.1% |
| SOY | 2017-06-29 | [Wheat surges on weather concerns in Plains - Brownfield Ag News](https://feedsoft.ai/events/9719-wheat-surges-on-weather-concerns-in-plains-brownfield-ag-news.md) | +7.3% | +8.8% |
| SOY | 2026-10-07 | [Dry spell in Brazil's soybean belt raises crop-stress risk — BRZ News](https://feedsoft.ai/events/13415-dry-spell-in-brazil-s-soybean-belt-raises-crop-stress-risk-brz-news.md) | -1.5% | -5.2% |
| CORN | 2019-01-22 | [Dryness in Brazil friendly to corn – KORN News Radio](https://feedsoft.ai/events/60941-dryness-in-brazil-friendly-to-corn-korn-news-radio.md) | +0.7% | +0.5% |
| CORN | 2023-04-25 | [DTN Ag Weather Brief](https://feedsoft.ai/events/13284-dtn-ag-weather-brief.md) | -2.4% | -6.4% |
| CORN | 2016-04-20 | [Soybeans surge again - Brownfield Ag News](https://feedsoft.ai/events/7723-soybeans-surge-again-brownfield-ag-news.md) | -0.3% | +2.3% |

## Sources

- grainsprices.com: https://grainsprices.com/article/12093

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