# Grains mixed to start the holiday shortened week. Monday, December 20, 2021 21.12.2021 - UkrAgroConsult

> Corn closed lower and soybeans higher on Dec. 20, with March corn at $5.91 and January soybeans up 7 cents to $12.92 1/4. Hot, dry weather in southern Brazil, Argentina and Paraguay supported soybeans, while COVID-driven growth concerns weighed on markets.

- Date: 2021-12-20 · published 2021-12-20T12:00:00.000Z
- Category: weather · region South America · magnitude low
- Page: https://feedsoft.ai/events/8019-grains-mixed-to-start-the-holiday-shortened-week-monday-december-20-2021-21-12
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Dryness in South American soybean areas threatens the crop and supports soybean meal prices. Feed buyers face higher soy-based protein costs if the dry spell persists.

## Read by commodity

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

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| CORN | 2021-12-20 | 1 | -4.9% | -4.0 | Corn closed lower on Dec 20 as COVID-driven growth concerns weighed on markets, which points to a demand and sentiment mechanism, though the quoted $5.91 close does not by itself match a near-5% fall. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2020-10-05 | [Grain Markets Start the Week Higher - ProAg](https://feedsoft.ai/events/11633-grain-markets-start-the-week-higher-proag.md) | +4.4% | +3.5% |
| SOY | 2022-02-25 | [Wet Weather Slows Soy Harvest in State of Tocantins in North Brazil 25.02.2022 - UkrAgroConsult](https://feedsoft.ai/events/13743-wet-weather-slows-soy-harvest-in-state-of-tocantins-in-north-brazil-25-02-2022.md) | +1.1% | +2.4% |
| SOY | 2021-12-15 | [2021/22 Brazil Soybeans 96% Planted, Dryness in S. Brazil Worries 15.12.2021 - UkrAgroConsult](https://feedsoft.ai/events/13758-2021-22-brazil-soybeans-96-planted-dryness-in-s-brazil-worries-15-12-2021.md) | +3.9% | +10.5% |
| SOY | 2022-09-05 | [Farmers in Mato Grosso Anxiously Wait for First Summer Rains 05.09.2022 - UkrAgroConsult](https://feedsoft.ai/events/13704-farmers-in-mato-grosso-anxiously-wait-for-first-summer-rains-05-09-2022.md) | +2.6% | -9.0% |
| SOY | 2022-06-28 | [Dry weather stresses US corn yields 28.06.2022 - UkrAgroConsult](https://feedsoft.ai/events/13356-dry-weather-stresses-us-corn-yields-28-06-2022-ukragroconsult.md) | -3.4% | -6.0% |
| SBM | 2021-12-15 | [2021/22 Brazil Soybeans 96% Planted, Dryness in S. Brazil Worries 15.12.2021 - UkrAgroConsult](https://feedsoft.ai/events/13758-2021-22-brazil-soybeans-96-planted-dryness-in-s-brazil-worries-15-12-2021.md) | -2.1% | +8.0% |
| SBM | 2022-07-27 | [North American Grain and Oilseed Review: A round of gains for canola 27.07.2022 - UkrAgroConsult](https://feedsoft.ai/events/40454-north-american-grain-and-oilseed-review-a-round-of-gains-for-canola-27-07-2022.md) | +3.1% | -0.7% |
| SBM | 2023-12-22 | [Grains respond to continued hot, dry weather in Brazil - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/11282-grains-respond-to-continued-hot-dry-weather-in-brazil-agweek-1-source-for.md) | -1.9% | -7.5% |

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/grains-mixed-to-start-the-holiday-shortened-week-monday-december-20-2021/

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