
Soybean and corn futures rose on Tuesday despite a broader market downturn after U.S. crop condition ratings declined: soybeans fell to 63% good to excellent from 66%, and corn fell four points to 63%. The USDA also reported private export sales of 197,200 tonnes of corn to unknown destinations, while wheat moved mixed with winter wheat harvest at 81%.
Falling U.S. crop ratings tighten the outlook for corn and soybean supply, supporting feed grain and soymeal prices. Weakness in crude oil and soyoil limited the gains.
After 1,085 past bullish weather events, Soybeans moved a median +0.3% over 5 sessions (55% higher; middle half -1.4% to +2.0%), and +0.9% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.