U.S. grains: Soy futures ease on rains in South American forecasts

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%
• Jan 3, 2017U.S. grains: Soy hits six-week low on South American prospects - Grainews0.0%
• Jan 19, 2021Soybeans fall on South American rainfall-5.2%
• Oct 21, 2021U.S. grains: Soy down on South American weather, technical pressure - AgCanada-0.5%
• Jul 26, 2024U.S. grains: Soy tumbles as U.S. rain forecast offers relief | Farmtario-8.4%

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.

• Oct 30, 2023U.S. grains: South America rains push soy futures down - Grainews+0.4%
• Jan 3, 2017U.S. grains: Soy hits six-week low on South American prospects - Grainews-1.0%
• Jan 14, 2022Soybeans down on rain potential in South America - Brownfield Ag News-4.6%
• Feb 7, 2017Markets waiting for certainty on South American summer crop - Grain Central+3.1%
• Jan 29, 2024U.S. grains: Soy hits 2-yr lows on South American crop prospects, demand worries - Manitoba Co-operator+1.7%