# CBOT weekly outlook: Soy, corn can't keep their distance from Argentina - AgCanada

> CBOT soybeans gained 63 cents in the week to around $10.75 a bushel, driven by a smaller-than-expected USDA production figure and Argentine excess moisture. Corn rose more modestly on South American weather concerns.

- Date: 2017-01-18 · published 2017-01-18T12:00:00.000Z
- Category: weather · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/73015-cbot-weekly-outlook-soy-corn-can-t-keep-their-distance-from-argentina-agcanada
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Excess rain cutting Argentine yields and acreage tightens soybean and meal supplies, raising feed ingredient costs for buyers.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2017-10-19 | [CBOT weekly outlook: Corn, soy steady as attention turns to South America - AgCanada](https://feedsoft.ai/events/68492-cbot-weekly-outlook-corn-soy-steady-as-attention-turns-to-south-america-agcanada.md) | -0.9% | -0.8% |
| SOY | 2024-02-23 | [Argentina corn and soy outlooks take hit after heat wave](https://feedsoft.ai/events/13939-argentina-corn-and-soy-outlooks-take-hit-after-heat-wave.md) | -1.7% | +5.6% |
| SOY | 2025-01-06 | [U.S. grains: Chicago corn surges to six-month high on weaker dollar, Argentina weather - AgCanada](https://feedsoft.ai/events/11604-u-s-grains-chicago-corn-surges-to-six-month-high-on-weaker-dollar-argentina.md) | +3.3% | +7.9% |
| SOY | 2017-01-12 | [Weather clouds agricultural outlook in Argentina](https://feedsoft.ai/events/72843-weather-clouds-agricultural-outlook-in-argentina.md) | +6.7% | +4.7% |
| SOY | 2019-08-30 | [U.S. grains: Corn, soy set one-week highs on weather concerns - AgCanada](https://feedsoft.ai/events/5702-u-s-grains-corn-soy-set-one-week-highs-on-weather-concerns-agcanada.md) | -1.3% | +3.1% |
| CORN | 2024-02-23 | [Argentina corn and soy outlooks take hit after heat wave](https://feedsoft.ai/events/13939-argentina-corn-and-soy-outlooks-take-hit-after-heat-wave.md) | +0.1% | +7.0% |
| CORN | 2021-07-30 | [Feed weekly outlook: Reduced yields starting to become a reality  - AgCanada](https://feedsoft.ai/events/46130-feed-weekly-outlook-reduced-yields-starting-to-become-a-reality-agcanada.md) | -0.1% | -1.1% |
| CORN | 2025-01-06 | [U.S. grains: Chicago corn surges to six-month high on weaker dollar, Argentina weather - AgCanada](https://feedsoft.ai/events/11604-u-s-grains-chicago-corn-surges-to-six-month-high-on-weaker-dollar-argentina.md) | +4.1% | +5.3% |

## Sources

- agcanada.com: https://www.agcanada.com/daily/cbot-weekly-outlook-soy-corn-cant-keep-their-distance-from-argentina

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