# After the Bell | January 14, 2022 - Pro Farmer

> March soybean futures fell 40.5 cents on the week to their lowest settlement since early January as improved rain was forecast for dry southern Brazil. March soymeal and soyoil also declined, and March SRW and HRW wheat hit their lowest closes in about three months.

- Date: 2022-01-15 · published 2022-01-15T12:00:00.000Z
- Category: weather · region South America · magnitude medium
- Page: https://feedsoft.ai/events/7367-after-the-bell-january-14-2022-pro-farmer
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Expected rain in South America reduces the risk to Brazilian and Argentine soybean output, pulling down soybean, meal, oil and wheat prices. Weekend weather will decide near-term direction.

## Read by commodity

- SBM: bearish ▼
- SBO: bearish ▼
- SOY: bearish ▼
- CORN: bearish ▼
- WHEAT: bearish ▼
- KWHEAT: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SBM | 2022-01-21 | 5 | -9.7% | -3.5 | March soymeal declined along with soybeans on improved rain forecasts for southern Brazil, setting up the selling early in the window. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2021-08-20 | [After the Bell \| Aug. 20, 2021 - Pro Farmer](https://feedsoft.ai/events/12606-after-the-bell-aug-20-2021-pro-farmer.md) | +3.4% | -2.9% |
| SOY | 2021-07-09 | [After the Bell \| July 9, 2021 - Pro Farmer](https://feedsoft.ai/events/10340-after-the-bell-july-9-2021-pro-farmer.md) | +4.1% | +0.9% |
| SOY | 2021-09-17 | [After the Bell \| September 17, 2021 - Pro Farmer](https://feedsoft.ai/events/6384-after-the-bell-september-17-2021-pro-farmer.md) | -0.9% | -6.9% |
| SOY | 2021-06-14 | [Ahead of the Open - Pro Farmer](https://feedsoft.ai/events/6264-ahead-of-the-open-pro-farmer.md) | -7.5% | -5.0% |
| SOY | 2026-03-12 | [Rains bring relief to the eastern corn belt - Pro Farmer](https://feedsoft.ai/events/13009-rains-bring-relief-to-the-eastern-corn-belt-pro-farmer.md) | -3.2% | -2.9% |
| SBM | 2021-09-14 | [After the Bell \| September 14, 2021 - Pro Farmer](https://feedsoft.ai/events/12296-after-the-bell-september-14-2021-pro-farmer.md) | -1.7% | -6.4% |
| SBM | 2021-06-14 | [Ahead of the Open - Pro Farmer](https://feedsoft.ai/events/6264-ahead-of-the-open-pro-farmer.md) | -2.6% | -6.5% |
| SBM | 2024-05-30 | [Corn, soybean drought footprint almost gone - Pro Farmer](https://feedsoft.ai/events/13181-corn-soybean-drought-footprint-almost-gone-pro-farmer.md) | -3.0% | -3.6% |

## Sources

- profarmer.com: https://www.profarmer.com/news/after-bell/after-bell-january-14-2022

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