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Crop Watchers flagged weather and dryness as their top concern heading into 2025 amid low prices. Drought covered 75% of the U.S. Midwest in late October, the largest share for that time of year since Drought Monitor records began in 2000.
Dry soils and multi-year moisture deficits raise the risk of lower yields in 2025, which could support corn and soybean prices if the dryness persists.
reuters.comKaren BraunNov 5, 2024After 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.
