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Arkansas Delta farmers have begun harvesting cotton, soybeans, peanuts and remaining rice after a wet spring and late planting. USDA's October report showed US soybean acres down 14.3%, yield down 7.3%, and rice harvested down 15% from last season.
Smaller US soybean and rice crops tighten domestic supplies, supporting prices for soybean meal and rice in the US market.
deltanewsservice.comTristan BennettNov 1, 2019After 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 179 past bullish weather events, Rough Rice moved a median +0.4% over 5 sessions (55% higher; middle half -1.4% to +2.5%), and +2.2% 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.
