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CBOT corn reached 13-month highs in January on a tighter US supply outlook and hot, dry weather in Argentina. CBOT soybeans rose 6.1% month on month on lower US production and stock estimates and dry Argentine conditions.
SAFEX white maize hit record highs.
Argentine drought and lower US supply estimates tighten corn and soybean balances, supporting prices for feed grains and meal.
proagrimedia.comSpecialist writerJan 22, 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.
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.
