# U.S. grains: Soy futures rally on dry Argentina weather - Grainews

> CBOT soybean futures rose for a fourth straight week as dry weather in Argentina raised concerns about supplies from the top soymeal exporter. Corn rebounded and wheat edged higher ahead of a USDA supply-demand report.

- Date: 2021-03-06 · published 2021-03-06T12:00:00.000Z
- Category: weather · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/8633-u-s-grains-soy-futures-rally-on-dry-argentina-weather-grainews
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Argentine dryness threatens soybean and soymeal output, tightening global protein supplies and supporting soymeal and soybean prices.

## Read by commodity

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

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| CORN | 2021-03-08 | 1 | +5.1% | 3.8 | The soybean rally on dry Argentina weather and the corn rebound into the weekend set up upward momentum and supply concern spillover on the March 8 session. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2019-05-30 | [U.S. grains: Wheat, corn, soy rally on weather woes - Grainews](https://feedsoft.ai/events/9307-u-s-grains-wheat-corn-soy-rally-on-weather-woes-grainews.md) | -0.3% | +2.6% |
| SOY | 2024-09-25 | [U.S. grains: Wheat turns higher on Russia weather worries; soy, corn also rally - Grainews](https://feedsoft.ai/events/5609-u-s-grains-wheat-turns-higher-on-russia-weather-worries-soy-corn-also-rally.md) | +1.4% | -4.8% |
| SOY | 2026-01-30 | [Soybean Futures Surge on Strong Meal Demand, Argentina Weather](https://feedsoft.ai/events/21077-soybean-futures-surge-on-strong-meal-demand-argentina-weather.md) | +3.7% | +7.9% |
| SOY | 2017-11-17 | [Grain, Soybean Futures Rise; Traders Watch Argentina Weather \| Fox Business](https://feedsoft.ai/events/5282-grain-soybean-futures-rise-traders-watch-argentina-weather-fox-business.md) | +2.2% | -0.5% |
| SOY | 2018-05-18 | [GRAINS-U.S. wheat futures rally; corn, soy firm on hopes for export deal](https://feedsoft.ai/events/10916-grains-u-s-wheat-futures-rally-corn-soy-firm-on-hopes-for-export-deal.md) | +4.1% | -9.0% |
| SBM | 2026-01-30 | [Soybean Futures Surge on Strong Meal Demand, Argentina Weather](https://feedsoft.ai/events/21077-soybean-futures-surge-on-strong-meal-demand-argentina-weather.md) | +2.0% | +8.8% |
| SBM | 2018-02-13 | [Soybeans, meal up on more dry weather in Argentina - Brownfield Ag News](https://feedsoft.ai/events/10479-soybeans-meal-up-on-more-dry-weather-in-argentina-brownfield-ag-news.md) | +5.2% | +4.1% |
| SBM | 2023-02-14 | [Soybean Meal Futures Rise On Argentina Drought](https://feedsoft.ai/events/37454-soybean-meal-futures-rise-on-argentina-drought.md) | -2.3% | -2.7% |

## Sources

- grainews.ca: https://www.grainews.ca/daily/u-s-grains-soy-futures-rally-on-dry-argentina-weather/

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