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Forecasts show less than 30 millimeters of rain over the next two weeks for Argentina and southern Brazil. Crops in Parana and Rio Grande do Sul are in critical reproductive stages with recent rainfall below 50 millimeters over a month.
Continued moisture stress during pollination and pod fill threatens corn and soybean output in key South American exporters, supporting global corn and soybean prices.
dtnpf.comJohn BaranickDec 23, 2021After 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.
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.
