# Soy hits eight-month high as rains disrupt Argentina's harvest - Agweek | #1 source for agriculture news, farming, markets

> US soybean futures hit an eight-month high as heavy rains in Argentina raised fears of crop damage and delays at port. Corn also rose on dry weather concerns in Brazil, while European wheat was weighed down by high stocks.

- Date: 2016-04-18 · published 2016-04-18T12:00:00.000Z
- Category: weather · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/8549-soy-hits-eight-month-high-as-rains-disrupt-argentina-s-harvest-agweek-1-source
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Crop damage and shipping delays in Argentina and dryness in Brazil threaten South American supply, supporting soybean and corn prices, while wheat remains under pressure from ample supplies.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2016-07-14 | [Chicago corn hits 2-week high on U.S. crop concerns - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/4939-chicago-corn-hits-2-week-high-on-u-s-crop-concerns-agweek-1-source-for.md) | -9.0% | -9.8% |
| SOY | 2022-01-21 | [The market rally after the reports - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/10893-the-market-rally-after-the-reports-agweek-1-source-for-agriculture-news-farming.md) | +1.6% | +11.7% |
| SOY | 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) | -0.3% | -4.5% |
| SOY | 2019-05-19 | [Markets finally respond to wet weather - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/5629-markets-finally-respond-to-wet-weather-agweek-1-source-for-agriculture-news.md) | +1.0% | +11.1% |
| SOY | 2026-07-25 | [Heat wave hits crops during crucial growing period - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/12982-heat-wave-hits-crops-during-crucial-growing-period-agweek-1-source-for.md) | -6.1% | -1.8% |
| CORN | 2016-07-14 | [Chicago corn hits 2-week high on U.S. crop concerns - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/4939-chicago-corn-hits-2-week-high-on-u-s-crop-concerns-agweek-1-source-for.md) | +3.9% | -0.6% |
| CORN | 2022-01-21 | [The market rally after the reports - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/10893-the-market-rally-after-the-reports-agweek-1-source-for-agriculture-news-farming.md) | +1.4% | +6.9% |
| CORN | 2019-05-19 | [Markets finally respond to wet weather - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/5629-markets-finally-respond-to-wet-weather-agweek-1-source-for-agriculture-news.md) | +3.2% | +10.8% |

## Sources

- agweek.com: https://www.agweek.com/business/soy-hits-eight-month-high-as-rains-disrupt-argentinas-harvest

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