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CBOT soybean futures hit a two-week high on Friday on concerns that heat could damage developing US corn and soybean crops. Soyoil futures set contract highs for a second day on expectations of strong demand from government biofuel mandates.
Weather risk to US crops combined with firm soyoil demand supports soybean and corn prices, raising feed input costs for buyers.
producer.comReuters, Tom PolansekJul 18, 2025After 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 1,465 past bullish weather events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.4% to +1.9%), and +0.9% over 20.
After 184 past bullish weather events, Soybean Oil moved a median +0.3% over 5 sessions (53% higher; middle half -1.9% to +2.4%), and -0.5% over 20.
After 55 past neutral weather events, Soybean Meal moved a median -0.1% over 5 sessions (47% higher; middle half -1.7% to +1.5%), and +0.1% 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.
