
Heavy rain of three to six inches, with some areas near Dodge City reporting up to 10 inches, halted harvest in parts of Kansas after a summer of drought and extreme heat. Before the rain, about 60% of corn and 20% of soybeans were harvested in one local area, and wheat was 40% to 50% planted.
Higher diesel costs were also cited as added pressure on farmers.
Harvest delays and reduced summer yields in Kansas tighten local supply, and the moisture improves subsoil conditions for wheat. The effect on national prices is modest.
After 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.