
A heat wave in July pushed temperatures above average across Minnesota, North Dakota and South Dakota during soybean flowering and corn silking. Low rainfall is raising concern about yield penalties if rain does not arrive soon.
Heat stress during flowering and silking can reduce soybean pod set and corn kernel count, supporting upward price pressure on both crops if dryness persists.
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.