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US corn and soybean futures ended lower on August 26 as beneficial Midwest rains eased crop stress and pressured soybeans. Wheat gained on tight global supply concerns, and farmers held fewer old-crop bushels than usual going into harvest.
Improved moisture reduces yield risk and weighs on corn and soy prices, while tight global wheat supplies could lift wheat as a feed grain and support US export demand.
grainews.caChristopher Walljasper, GFM Network NewsAug 26, 2021After 357 past bearish weather events, Corn moved a median -0.3% over 5 sessions (44% higher; middle half -2.2% to +1.3%), and -0.5% over 20.
After 363 past bearish weather events, Soybeans moved a median -0.6% over 5 sessions (42% higher; middle half -2.5% to +1.1%), and -0.2% over 20.
After 1,072 past bullish weather events, Wheat (SRW) moved a median +0.2% over 5 sessions (55% higher; middle half -1.4% to +2.3%), and +0.3% 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.
