
Argentina's 2024/25 grain and oilseed harvest was one of the best in recent years but fell short of record levels after drought, heat waves and then excessive rain. The weather affected yields, internal logistics and shipments to ports.
The article also flags climate risks for upcoming harvests.
Lower-than-expected Argentine soybean and corn output trims export supply, supporting world prices for meal and corn while tightening Argentine port flows.
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 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 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.
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.