La Niña May Stall South America Output

After 1,465 past bullish weather events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.4% to +1.9%), and +0.9% over 20.

• Nov 30, 2020Will La Niña Impact South America's Grains Crops? | CZ app-1.5%
• Mar 28, 2025South America Calling+0.5%
• Apr 29, 2020South America Calling+2.5%
• Sep 21, 2023South America Calling-0.2%
• Nov 17, 2020#Agbiz: East African, South American crops at risk with La Niña | OFM+1.1%

After 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.

• Nov 30, 2020Will La Niña Impact South America's Grains Crops? | CZ app-2.4%
• Sep 21, 2023South America Calling-1.3%
• Nov 17, 2020#Agbiz: East African, South American crops at risk with La Niña | OFM+3.3%
• Jan 28, 2020Mixed Forecast for South America-2.3%
• Oct 19, 2021La Niña Is Back—What That Means for North and South American Crops+1.3%

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.

• Apr 29, 2020South America Calling+1.1%
• Nov 17, 2020#Agbiz: East African, South American crops at risk with La Niña | OFM+1.4%
• Jan 28, 2020Mixed Forecast for South America-2.7%
• Oct 19, 2021La Niña Is Back—What That Means for North and South American Crops+2.1%
• Sep 1, 2025South America may trend slightly drier | World Grain-1.7%