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University of Arkansas extension reports that a cold winter, drought in summer, and wet fall made 2018 a difficult year for Arkansas rice and soybeans. About 94 percent of Arkansas soybeans were harvested as of Dec.
2, and rice fared better with its third-highest yield average.
Weather-related yield and quality losses in Arkansas soybeans add modest support to soybean meal supply tightness, while rice output held up relatively well.
uaex.uada.eduDec 14, 2018After 1,079 past bullish weather events, SOY moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.0%), and +0.9% over 20.
After 31 past neutral weather events, RICE moved a median -0.0% over 5 sessions (48% higher; middle half -2.1% to +2.1%), and -1.5% 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.
