# U.S. grains: Soybeans firm on South America weather worries - AgCanada

> US soybean futures rose on worries that dry weather in northeastern Brazil and wet weather in eastern Argentina would cut South American soybean output. CBOT wheat gained on rising Russian prices, while corn was little changed and Brazil's crop estimates were being cut for drought.

- Date: 2019-01-23 · published 2019-01-23T12:00:00.000Z
- Category: weather · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/7654-u-s-grains-soybeans-firm-on-south-america-weather-worries-agcanada
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Lower Brazilian and Argentine soybean supply forecasts tighten global soy and meal availability, supporting feed protein prices. Firmer Russian wheat prices improve the outlook for US wheat exports.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2021-07-14 | [U.S. grains: Corn, soybeans up on weather worries - AgCanada](https://feedsoft.ai/events/45918-u-s-grains-corn-soybeans-up-on-weather-worries-agcanada.md) | +0.4% | +0.7% |
| SOY | 2017-05-19 | [U.S. grains: Corn hits one-week high on weather worries - AgCanada](https://feedsoft.ai/events/7590-u-s-grains-corn-hits-one-week-high-on-weather-worries-agcanada.md) | -0.6% | -0.6% |
| SOY | 2018-01-19 | [GRAIN MARKETS: Soybeans step higher on South American weather](https://feedsoft.ai/events/12099-grain-markets-soybeans-step-higher-on-south-american-weather.md) | +2.0% | +5.3% |
| SOY | 2021-01-05 | [U.S. grains: Soybeans set fresh high on supply worries, technical buying - AgCanada](https://feedsoft.ai/events/11549-u-s-grains-soybeans-set-fresh-high-on-supply-worries-technical-buying-agcanada.md) | +4.4% | +2.9% |
| 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% |
| SBM | 2021-07-14 | [U.S. grains: Corn, soybeans up on weather worries - AgCanada](https://feedsoft.ai/events/45918-u-s-grains-corn-soybeans-up-on-weather-worries-agcanada.md) | +2.5% | +1.3% |
| SBM | 2024-05-06 | [U.S. grains: Wheat, soy, corn futures extend surge on volatile global weather - AgCanada](https://feedsoft.ai/events/11627-u-s-grains-wheat-soy-corn-futures-extend-surge-on-volatile-global-weather.md) | +1.1% | -0.2% |
| SBM | 2018-02-14 | [U.S. grains: Soymeal rally lifts soybean futures - AgCanada](https://feedsoft.ai/events/10004-u-s-grains-soymeal-rally-lifts-soybean-futures-agcanada.md) | +3.5% | +0.8% |

## Sources

- agcanada.com: https://www.agcanada.com/daily/u-s-grains-soybeans-firm-on-south-america-weather-worries

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