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Grain and livestock markets ended mostly higher on Monday after commodity-wide selling Friday. Fund buying and weather premium lifted corn, soybeans and meal on hot, dry 15-day forecasts for Argentina and Southern Brazil, while a weaker dollar on a tariff report supported grains before Trump refuted it.
Dry Argentine and southern Brazilian weather threatens soybean and corn meal supplies, supporting feed ingredient prices, while analysts see resistance levels and USDA data later in the week as key to the next move.
agweb.comJan 6, 2025After 1,465 past bullish weather events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.4% to +1.9%), and +0.9% over 20.
After 1,079 past bullish weather events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.0%), and +0.9% over 20.
After 453 past bullish weather events, Soybean Meal moved a median +0.5% over 5 sessions (55% higher; middle half -1.6% to +2.7%), and +0.5% 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.
Recovery rally on fund buying and weather premium from hot, dry Argentina/Southern Brazil forecasts plus a weaker dollar lifted corn on Monday.
