Loading…
Brazil's soybean planting is running behind schedule after the dry season, with central Brazil very low on moisture. Argentina is also behind on rainfall, mainly affecting its corn crop.
The safrinha corn crop depends heavily on timely planting.
Delayed planting in Brazil and Argentina tightens expectations for South American corn supply, supporting corn and feed prices.
iowaagribusinessradionetwork.comDustin HoffmannOct 24, 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.
