Weather hinders record South American exports

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.

• Jan 19, 2018GRAIN MARKETS: Soybeans step higher on South American weather+2.0%
• Feb 22, 2021Dry weather concerns extend from South America into North America+2.0%
• Mar 16, 2021Weather woes persist for South American row crops - Grain Central-0.1%
• Apr 19, 2016South America weather, politics push soybean prices higher | Farm Progress+4.8%
• Sep 30, 2020Grain Belt & South America weather update - McKeany-Flavell+5.1%

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.

• Feb 22, 2021Dry weather concerns extend from South America into North America+1.6%
• Mar 16, 2021Weather woes persist for South American row crops - Grain Central+11.3%
• Oct 22, 2022Rains threaten South American wheat | The Western Producer-1.1%
• Jan 18, 2024South American Row Crop Yields+1.1%
• Sep 30, 2020Grain Belt & South America weather update - McKeany-Flavell+1.5%