Loading…
DTN reports the slowest U.S. harvest in nearly a decade, with significant soybeans still in the fields across the Ohio and Tennessee Valleys and corn left in North Dakota fields. Brazil's soybean areas have an active rainfall pattern, and the Southern Plains wheat crop has adequate moisture but slowed emergence.
Harvest delays and wet conditions cut soybean quality and yields, which supports soybean prices, while favorable Brazilian rain limits the upside.
dtnpf.comMike PalmerinoNov 27, 2018After 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 445 past neutral weather events, Corn moved a median +0.1% over 5 sessions (52% higher; middle half -1.4% to +1.6%), and +0.7% over 20.
After 224 past neutral weather events, Wheat (SRW) moved a median -0.1% over 5 sessions (46% higher; middle half -1.4% to +1.5%), and +0.4% 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.
