
Heavy rain across most of Brazil has improved soybean and corn crop conditions, and analysts are raising yield forecasts. Argentina's central and southern regions are dry and hot, which raises stress on corn and soybean crops ahead of the pod-filling stage.
Favorable Brazilian moisture points to larger South American supplies, which weighs on prices, while Argentine dryness adds yield risk that partly offsets that pressure.
After 324 past neutral weather events, SOY moved a median +0.0% over 5 sessions (52% higher; middle half -1.4% to +1.7%), and +0.7% over 20.
After 445 past neutral weather events, CORN moved a median +0.1% over 5 sessions (52% higher; middle half -1.4% to +1.6%), and +0.7% 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.