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Corn and soybeans rose on February 23, with soyoil reaching fresh near-term highs and soymeal up about $2.20. USDA reported 125,000 MT of daily corn sales to Colombia and weekly export inspections of 2.01 MMT for corn.
Southern Brazil's safrinha corn planting was reported slowed by dry weather.
Slower Brazilian safrinha planting and dryness in southern Brazil raise concerns about second-crop corn supply, supporting corn prices. Strong US export demand for corn and soy tightens nearby supplies.
profarmer.comPro Farmer EditorsFeb 23, 2026After 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.
After 453 past bullish weather events, Soybean Meal moved a median +0.5% over 5 sessions (55% higher; middle half -1.6% to +2.7%), and +0.5% over 20.
After 184 past bullish weather events, Soybean Oil moved a median +0.3% over 5 sessions (53% higher; middle half -1.9% to +2.4%), and -0.5% 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.
Feb 23 market snapshot shows soymeal up about $2.20 alongside soyoil highs, which directly describes the day's rise, though the cited gain is smaller than a 4.5% move.
