
USDA's Weekly Weather and Crop Bulletin reported little or no rain below 10 mm in Brazil's Northeast and South agricultural areas, while other regions received 10 to 100 mm. Temperatures reached near 40°C in the drier South and Northeast, increasing evapotranspiration in southern crops.
Dry, hot conditions in southern Brazil threaten corn and soybean yields in the region, which can tighten export supplies and support prices.
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, SOY 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.