# Soybeans down on rain potential in South America - Brownfield Ag News

> Soybeans fell on fund and technical selling, capping a bearish week, as forecasts showed some rain for dry parts of South America. Government and private bodies had recently cut production projections for Argentina and Brazil because of hot, dry weather. Spain bought 100,000 tons of 2022/23 U.S. soybean meal.

- Date: 2022-01-14 · published 2022-01-14T12:00:00.000Z
- Category: weather · region South America · magnitude medium
- Page: https://feedsoft.ai/events/7366-soybeans-down-on-rain-potential-in-south-america-brownfield-ag-news
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Rain relief in South America eases fears of a smaller crop, which weighs on soybean and meal prices while Brazil still looks set for a large harvest. Slow exports limit any rebound.

## Read by commodity

- SBM: bearish ▼
- SBO: bearish ▼
- SOY: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SBM | 2022-01-21 | 5 | -9.7% | -3.5 | Fund and technical selling on South American rain forecasts weighed on soybeans and the complex ahead of the move. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2021-12-13 | [Soybeans, corn down after rain in South America - Brownfield Ag News](https://feedsoft.ai/events/9262-soybeans-corn-down-after-rain-in-south-america-brownfield-ag-news.md) | +1.4% | +8.4% |
| SOY | 2023-01-18 | [Rain potential in Argentina sends corn, soybeans lower - Brownfield Ag News](https://feedsoft.ai/events/10661-rain-potential-in-argentina-sends-corn-soybeans-lower-brownfield-ag-news.md) | -3.3% | -0.1% |
| SOY | 2018-06-11 | [Rain in much of Midwest sends soybeans, corn lower - Brownfield Ag News](https://feedsoft.ai/events/8247-rain-in-much-of-midwest-sends-soybeans-corn-lower-brownfield-ag-news.md) | -6.6% | -12.1% |
| 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% |
| SOY | 2016-08-24 | [Soybeans, corn down on generally good crop weather - Brownfield Ag News](https://feedsoft.ai/events/10614-soybeans-corn-down-on-generally-good-crop-weather-brownfield-ag-news.md) | -6.6% | -5.7% |
| SBM | 2021-12-13 | [Soybeans, corn down after rain in South America - Brownfield Ag News](https://feedsoft.ai/events/9262-soybeans-corn-down-after-rain-in-south-america-brownfield-ag-news.md) | +1.5% | +14.6% |
| SBM | 2023-01-18 | [Rain potential in Argentina sends corn, soybeans lower - Brownfield Ag News](https://feedsoft.ai/events/10661-rain-potential-in-argentina-sends-corn-soybeans-lower-brownfield-ag-news.md) | -3.9% | +3.0% |
| SBM | 2018-06-11 | [Rain in much of Midwest sends soybeans, corn lower - Brownfield Ag News](https://feedsoft.ai/events/8247-rain-in-much-of-midwest-sends-soybeans-corn-lower-brownfield-ag-news.md) | -5.3% | -7.3% |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/soybeans-down-on-rain-potential-in-south-america/

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