
Rain delays are slowing the US soybean harvest in Iowa, Indiana and Minnesota. Crushing plants have raised cash bids for soybeans, and some have cut crushing rates.
Cargill has pulled soymeal offers at three Iowa plants.
Harvest delays tighten prompt soybean supply, which raises crush costs and reduces meal availability. This supports soybean and soymeal prices while the rain persists.
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.