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Rain-damaged soybeans in the U.S. Mississippi Delta, soaked by late-season storms including Hurricane Florence bands, are molding and rotting in pods. Beans failing quality guidelines expose farmers with forward contracts to delivery penalties.
Lower-quality supply from the Delta reduces deliverable soybeans and adds penalties for growers, while the broader trade war has already pushed prices to decade lows, keeping pressure on soybean and meal values.
reuters.comKarl PlumeSep 28, 2018After 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.
After 55 past neutral weather events, Soybean Meal moved a median -0.1% over 5 sessions (47% higher; middle half -1.7% to +1.5%), and +0.1% 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.
