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Agweek reports that some northwest Minnesota fields received timely rain while many others did not, leaving the region 3 to 5 inches behind average. Local seed dealers say drought-tolerant varieties helped some growers.
Patchy moisture in Minnesota points to uneven yields, a small supportive factor for corn and soybean prices.
agweek.comEmily BealSep 11, 2021After 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.
