Late-Year Rain Benefits South America

After 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.

• Jan 19, 2021Soybeans fall on South American rainfall+0.0%
• Dec 8, 2017No South America Weather Calamity Yet+2.9%
• Nov 19, 2019An Early Look at South American Crops+0.6%
• Oct 30, 2023U.S. grains: South America rains push soy futures down - Grainews-3.3%
• Dec 13, 2021Soybeans, corn down after rain in South America - Brownfield Ag News-0.1%

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.

• Jan 19, 2021Soybeans fall on South American rainfall-5.2%
• Dec 8, 2017No South America Weather Calamity Yet-2.4%
• Nov 19, 2019An Early Look at South American Crops-2.0%
• Oct 30, 2023U.S. grains: South America rains push soy futures down - Grainews+2.3%
• Dec 13, 2021Soybeans, corn down after rain in South America - Brownfield Ag News+1.4%