# Soybeans fall on South American rainfall

> Chicago soybean futures fell as rain across South America improved crop prospects and bolstered the global supply outlook. Corn followed lower, though strong export demand and possible Ukrainian export limits provided support. Palm oil weakness also weighed on soybeans.

- Date: 2021-01-19 · published 2021-01-19T12:00:00.000Z
- Category: weather · region South America · magnitude medium
- Page: https://feedsoft.ai/events/8231-soybeans-fall-on-south-american-rainfall
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Improved South American rainfall raises expectations of larger world oilseed and corn supplies, which pressures prices lower. Firm export demand and possible Ukrainian corn export curbs limit the downside.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2022-01-14 | [Soybeans down on rain potential in South America - Brownfield Ag News](https://feedsoft.ai/events/7366-soybeans-down-on-rain-potential-in-south-america-brownfield-ag-news.md) | +3.6% | +15.9% |
| SOY | 2021-01-20 | [Soybeans down for third session on South America rains; wheat, corn fall - Markets - Business Recorder](https://feedsoft.ai/events/8238-soybeans-down-for-third-session-on-south-america-rains-wheat-corn-fall-markets.md) | -1.1% | -0.1% |
| SOY | 2019-12-19 | [U.S. grains: Soy futures ease on rains in South American forecasts - Grainews](https://feedsoft.ai/events/55628-u-s-grains-soy-futures-ease-on-rains-in-south-american-forecasts-grainews.md) | +1.0% | +0.1% |
| 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 | 2023-10-30 | [U.S. grains: South America rains push soy futures down - Grainews](https://feedsoft.ai/events/33658-u-s-grains-south-america-rains-push-soy-futures-down-grainews.md) | +2.3% | +2.5% |
| CORN | 2021-01-20 | [Soybeans down for third session on South America rains; wheat, corn fall - Markets - Business Recorder](https://feedsoft.ai/events/8238-soybeans-down-for-third-session-on-south-america-rains-wheat-corn-fall-markets.md) | +3.1% | +2.1% |
| CORN | 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) | -0.1% | +0.8% |
| CORN | 2023-10-30 | [U.S. grains: South America rains push soy futures down - Grainews](https://feedsoft.ai/events/33658-u-s-grains-south-america-rains-push-soy-futures-down-grainews.md) | -3.3% | -6.3% |

## Sources

- reuters.com: https://www.reuters.com/article/global-grains-idAFL1N2JU1BR/

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