
Kansas soybean growers faced a difficult 2022 season, with drought in central and western Kansas and dryland fields hit by heat and dry spells. Crop-season precipitation was the driest since 2018, and USDA rated 31% of the state's soybean crop poor in August.
Lower Kansas soybean output is a small regional contribution to the national crop. Its effect on meal prices is minor compared with the wider US shortfall.
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.
After 453 past bullish weather events, Soybean Meal moved a median +0.5% over 5 sessions (55% higher; middle half -1.6% to +2.7%), and +0.5% 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.