Grain Traders Keep an Eye on La Nina’s Impact on Global Production

After 1,079 past bullish weather events, SOY moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.0%), and +0.9% over 20.

• May 9, 2024El Nino and La Nina | Red River Farm Network+0.1%
• Jun 19, 2020Grain Traders Monitoring Rainfall Across Corn Belt | Red River Farm Network-0.4%
• Jul 31, 2022It’s a Late Crop | Red River Farm Network-1.4%
• Feb 16, 2022Grains Production Estimates Slashed as Impact of La Niña Shows | CZ app+8.0%
• Mar 13, 2022Argentina Tries to Hold Onto Soybean Supplies | Red River Farm Network-1.3%

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.

• May 9, 2024El Nino and La Nina | Red River Farm Network+2.7%
• Jul 27, 2020A Few Dry Pockets Being Watched in U.S. Crop Production | Red River Farm Network-1.6%
• Jun 19, 2020Grain Traders Monitoring Rainfall Across Corn Belt | Red River Farm Network-2.4%
• Jul 31, 2022It’s a Late Crop | Red River Farm Network+3.1%
• Feb 16, 2022Grains Production Estimates Slashed as Impact of La Niña Shows | CZ app+5.1%