
DTN analyst Joel Karlin charted soybean crop condition changes from mid-June to mid-September across the top 18 producing states. Dakotas, Minnesota, Nebraska and North Carolina saw the largest declines as heat and dryness persisted all season.
Deteriorating soybean ratings in key northern states point to lower yields and tighter supplies, which supports soybean and meal prices.
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.
After 453 past bullish weather events, Soybean Meal moved a median +0.5% over 5 sessions (55% higher; middle half -1.6% to +2.7%), and +0.5% 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.