U.S. grains: Prices down on rains, Ida shuts grain facilities

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.

• Oct 30, 2023U.S. grains: South America rains push soy futures down - Grainews+2.3%
• Dec 19, 2019U.S. grains: Soy futures ease on rains in South American forecasts - Grainews+1.0%
• Jan 3, 2017U.S. grains: Soy hits six-week low on South American prospects - Grainews0.0%
• Oct 21, 2021U.S. grains: Soy down on South American weather, technical pressure - AgCanada-0.5%
• Jun 5, 2019U.S. grains: Futures plummet on Midwest weather, profit-taking - Grainews-2.6%

After 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.

• Oct 30, 2023U.S. grains: South America rains push soy futures down - Grainews-3.3%
• Jun 28, 2017U.S. grains: Spring wheat futures top US$7 on weather worries - Grainews+5.6%
• Jun 5, 2019U.S. grains: Futures plummet on Midwest weather, profit-taking - Grainews+0.9%
• May 16, 2023U.S. weather, Brazilian production slashes grain prices+0.5%
• Mar 19, 2018U.S. grains: Wheat tumbles as rains cross drought-hit Plains - Grainews-1.2%

After 639 past weather events, Soybean Meal moved a median +0.0% over 5 sessions (51% higher; middle half -1.9% to +2.3%), and -0.0% over 20.

• Oct 30, 2023U.S. grains: South America rains push soy futures down - Grainews+0.4%
• Dec 19, 2019U.S. grains: Soy futures ease on rains in South American forecasts - Grainews-1.1%
• Mar 6, 2021U.S. grains: Soy futures rally on dry Argentina weather - Grainews-5.6%
• Jan 3, 2017U.S. grains: Soy hits six-week low on South American prospects - Grainews-1.0%
• Feb 27, 2018U.S. grains: Wheat hits seven-month high on crop ratings - Grainews+3.2%