Soy futures fall to two-month low as favorable rains reach Brazil

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.

• Dec 16, 2016Favorable Rain Boosts Brazil Crops-3.4%
• Jul 10, 2024U.S. grains: Soy futures fall to 2020 low on strong US crop prospects-6.1%
• Nov 25, 2023Soybeans fall as rain benefits top supplier Brazil - Markets - Business Recorder-0.4%
• Jan 19, 2023Soybeans, corn slide on forecasts for much-needed Argentine rains | Financial Post-1.4%
• Jan 12, 2021CBOT soyabean futures fall on better rains - Markets - Business Recorder+0.8%

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.

• Dec 16, 2016Favorable Rain Boosts Brazil Crops-1.5%
• Jul 10, 2024U.S. grains: Soy futures fall to 2020 low on strong US crop prospects-9.3%
• Nov 25, 2023Soybeans fall as rain benefits top supplier Brazil - Markets - Business Recorder-5.8%
• Oct 30, 2023U.S. grains: South America rains push soy futures down - Grainews+0.4%
• Nov 20, 2024Rainfall Boosts Brazilian Soy, But Challenges Persist | CZ app-0.4%

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.

• Jul 10, 2024U.S. grains: Soy futures fall to 2020 low on strong US crop prospects-0.8%
• Nov 25, 2023Soybeans fall as rain benefits top supplier Brazil - Markets - Business Recorder-0.8%
• Jan 19, 2023Soybeans, corn slide on forecasts for much-needed Argentine rains | Financial Post-1.6%
• May 26, 2022U.S. grains: Rainy forecast pushes soy to three-month high - Grainews-4.6%
• Oct 30, 2023U.S. grains: South America rains push soy futures down - Grainews-3.3%

After 334 past bearish weather events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -1.9% to +1.7%), and -0.2% over 20.

• Jul 27, 2022Soybeans rally as U.S. forecast turns hot, dry | Financial Post+4.5%
• Nov 25, 2023Soybeans fall as rain benefits top supplier Brazil - Markets - Business Recorder+0.4%
• Jan 19, 2023Soybeans, corn slide on forecasts for much-needed Argentine rains | Financial Post-3.3%
• Oct 30, 2023U.S. grains: South America rains push soy futures down - Grainews+2.3%
• May 25, 2021Favourable Australian weather spells second bumper wheat harvest | Financial Post-2.5%