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A Nodaway County, Missouri farmer reports that 2024 brought a wet spring, then repeated dry spells of about 40 to 43 days. Corn yields were among his best ever, while soybean yields were only subpar after missing August and September rains during pod fill.
Good corn yields in Missouri add to ample corn supply, while poor soybean yields tighten soybean supply and support soybean meal prices.
brownfieldagnews.comBrent BarnettDec 4, 2024After 357 past bearish weather events, Corn moved a median -0.3% over 5 sessions (44% higher; middle half -2.2% to +1.3%), and -0.5% 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.
