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Dry weather has persisted in central and southern Argentina, with rainfall below 20% of normal in primary corn and soybean areas over the past two weeks and below 30% since early December. BAGE good-to-excellent ratings fell to 53% for soybeans and 52% for corn as of January 22.
Yield losses in Argentina, a major exporter of soymeal, soyoil and corn, tighten global supply and support prices for these commodities.
dtnpf.comJohn BaranickJan 23, 2026After 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.
After 453 past bullish weather events, SBM moved a median +0.5% over 5 sessions (55% higher; middle half -1.6% to +2.7%), and +0.5% over 20.
After 184 past bullish weather events, SBO moved a median +0.3% over 5 sessions (53% higher; middle half -1.9% to +2.4%), 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.
