Argentine farmers eye pivot to soy on corn plague fears, rain outlook

After 56 past bullish disease events, Corn moved a median -0.1% over 5 sessions (48% higher; middle half -1.5% to +1.6%), and +0.8% over 20.

• Feb 3, 2019FEATURE-Swine fever outbreak may bury China's small pig farmers-1.0%
• Oct 17, 2019Vietnam says African swine fever outbreak slows, urges farmers to rebuild herds-1.0%
• Sep 8, 2019One year on, close to 5 million pigs lost to Asia’s swine fever outbreak-0.9%
• Oct 7, 2026Rain-soaked harvest raises quality red flags: What it means for yields and basis in the western Corn Belt - Pro Farmer-3.0%
• Nov 11, 2022Egg prices soar as farmers battle inflation, avian flu+3.0%

After 50 past bearish disease events, Soybeans moved a median +0.5% over 5 sessions (58% higher; middle half -1.7% to +2.4%), and +0.0% over 20.

• Jan 17, 2019China soybean imports show US farmers have more to fear than trade war+2.4%
• Feb 28, 2020China's soy complex demand likely to fall in H1 2020 on coronavirus outbreak: Rabobank | S&P Global+0.3%
• Mar 12, 2019Swine fever hurts China soybean demand, raises doubts on trade promises+3.2%
• Apr 15, 2021More wheat feeding and pig disease outbreaks pose double threat to China soymeal demand | Reuters+6.2%
• Sep 11, 2019ASF drives Chinese soy meal consumption to 4-year low | Feed Strategy+4.0%