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Brazil's weather turned drier in the second half of February, which helped early soybean harvesting and safrinha corn planting. Forecasters suggest the drier pattern could persist into March, reducing rainfall for some crops.
Expected drier weather in March raises the risk of yield losses for late-planted safrinha corn, a mildly bullish factor for corn and soybean prices.
world-grain.comDrew LernerFeb 26, 2025After 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.
