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A column notes that wet fields and rain are slowing US corn and soybean planting, with late-planted crops likely to yield less. It reports rumors of a $16 billion aid package paying per-bushel rates and says corn traded near $4 while soybeans fell near a 10-year low.
Late planting and expected shifts toward soybeans point to a tighter corn balance and a larger bean glut, creating divergent price pressure across feed grains and oilseed meals.
journalgazette.netWALT, ALEX BREITINGER, Breitinger, Sons LLCMay 24, 2019After 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 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 118 past bearish weather events, Soybean Meal moved a median -0.8% over 5 sessions (35% higher; middle half -3.2% to +0.4%), and -1.6% 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.
