Wet Argentine farmland offsets drier La Nina outlook

After 363 past bearish weather events, Soybeans moved a median -0.6% over 5 sessions (42% higher; middle half -2.5% to +1.1%), and -0.2% over 20.

• May 21, 2025Dry weather to bring relief to Argentina's soggy farmlands-0.4%
• Jun 29, 2022With world short of wheat, Argentina farmers worry about crop | Reuters-5.0%
• Oct 25, 2024Argentina Weather Outlook Positive for Soy and Corn Planting, Meteorologist Says-1.4%
• Mar 1, 2021Argentina may have dodged La Nina bullet+2.1%
• Jan 8, 20262026 Weather Outlook: La Niña’s Quick Exit, El Niño’s Potential and the Signals Farmers Should Watch - AgWeb-2.1%

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.

• Nov 14, 2024US forecaster sees 57% chance of La Nina developing between now and December | Reuters+0.2%
• Feb 1, 2023Weather Outlook Through Summer 2023 Points to Variability as La Nina Starts Decline+1.2%
• Jun 13, 2024La Nina weather 65% likely to develop in July-Sept, says US forecaster | Reuters-2.1%
• Sep 24, 2020La Niña: Outlook 2020-21 (September 2020) - World | ReliefWeb+2.4%
• Nov 30, 2016La Niña Outlook, Impacts for Winter 2016–17 | News | National Centers for Environmental Information (NCEI)+4.0%

After 118 past bearish weather events, Soybean Meal moved a median -0.8% over 5 sessions (35% higher; middle half -3.2% to +0.4%), and -1.6% over 20.

• May 21, 2025Dry weather to bring relief to Argentina's soggy farmlands+1.2%
• Oct 25, 2024Argentina Weather Outlook Positive for Soy and Corn Planting, Meteorologist Says-3.3%
• Mar 1, 2021Argentina may have dodged La Nina bullet-0.8%
• Sep 22, 2022Argentine Farmers Plant More Soybeans to Fight Drought, Fertilizer Costs-6.3%
• Dec 22, 2017Ag Weather Forum: Favorable South America Rain Outlook | La Niña Ready Nations-0.5%