
Reuters reports that much of the US corn crop is entering pollination under mostly supportive weather after a shaky start. As of mid-July, 65% of corn and 59% of soybeans were rated good to excellent.
Soybean yields depend on August weather, and the forecast has turned drier.
Average crop ratings with uncertain August weather leave limited upside to yields, which supports corn and soybean prices and keeps feed costs firm.
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.
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.