Loading…
Corn and soybean producers across the U.S. faced high weather variability in 2024, with early rains delaying planting in western Minnesota and drought hitting southern states such as Ohio. A hurricane also flattened corn and damaged soybean quality during harvest.
Regional drought and hurricane damage reduced some yields and quality, which tightens feed grain and soybean meal supplies in those areas and can support prices.
agweek.comEmily BealDec 9, 2024After 445 past neutral weather events, Corn moved a median +0.1% over 5 sessions (52% higher; middle half -1.4% to +1.6%), and +0.7% over 20.
After 324 past neutral weather events, Soybeans moved a median +0.0% over 5 sessions (52% higher; middle half -1.4% to +1.7%), and +0.7% 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.
