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University of Missouri soybean specialist Bill Wiebold outlines harvest problems after drought in Missouri soybean regions, including small seeds, green stems and plant death. Wet fall weather then added harvest complications in some of the same areas.
Smaller seeds and grade losses from drought reduce usable soybean supply, which supports soybean and meal prices.
hpj.comHPJ StaffOct 22, 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 453 past bullish weather events, Soybean Meal moved a median +0.5% over 5 sessions (55% higher; middle half -1.6% to +2.7%), and +0.5% 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.
