# Soybeans down for third session on South America rains; wheat, corn fall - Markets - Business Recorder

> Chicago soybean futures fell for a third straight session to their lowest in over a week as rains across South America lifted crop prospects. Wheat and corn also declined. Rains across much of Brazil's growing regions bolstered parched crops during the early soybean harvest.

- Date: 2021-01-20 · published 2021-01-20T12:00:00.000Z
- Category: weather · region South America · magnitude low
- Page: https://feedsoft.ai/events/8238-soybeans-down-for-third-session-on-south-america-rains-wheat-corn-fall-markets
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Improved rainfall in South America boosts expectations of larger world supplies, which pressures soybean, wheat and corn prices. Strong demand for farm products is expected to limit further losses.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2025-07-31 | [Wheat down 1-3 cents, corn down 1-2, soybeans down 1-2 - Markets - Business Recorder](https://feedsoft.ai/events/23790-wheat-down-1-3-cents-corn-down-1-2-soybeans-down-1-2-markets-business-recorder.md) | -0.6% | +6.1% |
| SOY | 2022-01-19 | [Chicago soybean futures fell for a third straight session - Markets - Business Recorder](https://feedsoft.ai/events/10895-chicago-soybean-futures-fell-for-a-third-straight-session-markets-business.md) | +3.4% | +14.0% |
| SOY | 2021-01-12 | [CBOT soyabean futures fall on better rains - Markets - Business Recorder](https://feedsoft.ai/events/9542-cbot-soyabean-futures-fall-on-better-rains-markets-business-recorder.md) | +0.8% | +2.0% |
| SOY | 2021-06-21 | [Wheat down 9-11 cents, corn down 13-19 cents, soy down 18-25 cents - Markets - Business Recorder](https://feedsoft.ai/events/7306-wheat-down-9-11-cents-corn-down-13-19-cents-soy-down-18-25-cents-markets.md) | -4.7% | +2.3% |
| SOY | 2026-06-07 | [Corn, soybeans futures decline on US weather, dollar strength - Markets - Business Recorder](https://feedsoft.ai/events/10646-corn-soybeans-futures-decline-on-us-weather-dollar-strength-markets-business.md) | -0.7% | +6.7% |
| CORN | 2025-07-31 | [Wheat down 1-3 cents, corn down 1-2, soybeans down 1-2 - Markets - Business Recorder](https://feedsoft.ai/events/23790-wheat-down-1-3-cents-corn-down-1-2-soybeans-down-1-2-markets-business-recorder.md) | -2.0% | -1.7% |
| CORN | 2022-01-19 | [Chicago soybean futures fell for a third straight session - Markets - Business Recorder](https://feedsoft.ai/events/10895-chicago-soybean-futures-fell-for-a-third-straight-session-markets-business.md) | +2.1% | +6.9% |
| CORN | 2023-11-21 | [Soybeans up for 2nd session on Brazilian dryness; wheat rebounds - Markets - Business Recorder](https://feedsoft.ai/events/12256-soybeans-up-for-2nd-session-on-brazilian-dryness-wheat-rebounds-markets.md) | -3.2% | -0.5% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40053761

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