Loading…
Drier weather in the US Midwest allowed corn and soybean harvesting to advance, while showers were concentrated in the southeastern Plains and northern Delta. Rains in South America were also reported, and remnants of Hurricane Willa were forecast to bring disruptions to Texas and the East later in the week.
Faster US harvest progress increases near-term supply availability, modestly bearish for corn and soybeans; rain-related harvest delays would offset this if they persist.
lakeviewgrainsllc.comlakeviewgrains2323243243Oct 23, 2018After 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.
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.
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.
