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Weekly crop condition ratings showed U.S. soybeans falling from 66% to 63% good-to-excellent and corn falling from 67% to 63%, both larger drops than analysts expected. CBOT soybean and corn futures rose on the report despite lower crude oil and soyoil prices.
Deteriorating crop ratings signal reduced expected yields, which supports corn and soybean prices and raises feed grain and soybean meal costs for buyers.
leomare.orgProf. Nancy DachNov 1, 2026After 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 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.
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.
