
Soybean processors in the US Midwest are offering large premiums for prompt deliveries as persistent rains delay the early harvest. Some plants have slowed crushing because of tight supplies, and soymeal feed supply is tight.
Forecasts call for more harvest-delaying rain.
Tighter farm deliveries reduce near-term crush and meal output, which supports soybean and soymeal prices and raises feed costs for buyers.
After 1,079 past bullish weather events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.0%), and +0.9% over 20.
After 453 past bullish weather events, Soybean Meal 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.