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The GEOGLAM Crop Monitor for AMIS reports that wheat conditions at the end of January were mixed across western Canada, Europe, Russia, Ukraine and the northern US. Maize, rice and soybean conditions were generally favourable, with dryness concerns in parts of Argentina and South Africa.
Mixed wheat conditions in major Northern Hemisphere producers add modest upside risk to wheat prices. Favourable maize and soybean conditions keep those markets better supplied.
cropmonitor.orgFeb 6, 2025After 406 past neutral report events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -1.6% to +1.5%), and +0.0% over 20.
After 770 past neutral report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% over 20.
After 563 past neutral report events, Soybeans moved a median -0.1% over 5 sessions (48% higher; middle half -1.7% to +1.6%), 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.
