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DTN forecasts timely, beneficial rains for most of South America's crop areas from December 19 to 25, including dry parts of Argentina and southern Brazil. The forecast reverses recent heat and dryness linked to a weak La Niña.
Rain relief in Argentina and southern Brazil eases the yield risk that had supported soybean and corn prices, so it is bearish for those markets.
laninareadynations.comRobert RossDec 22, 2017After 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 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 118 past bearish weather events, Soybean Meal moved a median -0.8% over 5 sessions (35% higher; middle half -3.2% to +0.4%), and -1.6% 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.
