AccuWeather reports that Midwest corn and soybean crops are running one to two weeks behind schedule. Experts warn that a cold September or an early frost could damage both crops, with 1974 cited as a comparable frost year.
Late maturity raises the risk of frost loss, which would tighten corn and soybean supplies and support prices.
After 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.
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.