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A cold front brings below-normal minimum temperatures to most of Argentina's agricultural area, though less severe than earlier forecasts. The article is a short excerpt with limited detail.
Cold snaps in Argentina's core growing area during winter pose limited risk to standing crops at this time of year, so the price impact is minimal.
reuters.comJul 17, 2024After 1,964 past weather events, SOY moved a median +0.1% over 5 sessions (51% higher; middle half -1.7% to +1.8%), and +0.3% over 20.
After 639 past weather events, SBM moved a median +0.0% over 5 sessions (51% higher; middle half -1.9% to +2.3%), and -0.0% over 20.
After 253 past weather events, SBO moved a median +0.1% over 5 sessions (52% higher; middle half -2.0% to +2.4%), and -0.3% 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.
