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November soybean futures fell 27.75 cents to $11.92 on July 29 as forecast rains for dry parts of the Northwest Corn Belt removed weather premium. Wheat and corn also closed lower while cattle and crude oil rose.
Expected August rains in drought-prone soybean areas reduce the crop-risk premium, pressuring soybean, corn and wheat prices heading into the critical pod-filling period.
agweb.comMichelle RookJul 29, 2026After 363 past bearish weather events, Soybeans moved a median -0.6% over 5 sessions (42% higher; middle half -2.5% to +1.1%), and -0.2% over 20.
After 357 past bearish weather events, Corn moved a median -0.3% over 5 sessions (44% higher; middle half -2.2% to +1.3%), and -0.5% over 20.
After 334 past bearish weather events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -1.9% to +1.7%), and -0.2% over 20.
After 118 past bearish weather events, Soybean Meal moved a median -0.8% over 5 sessions (35% higher; middle half -3.2% to +0.4%), and -1.6% 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.
