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Soybean futures rose as late-harvest US soybean yields came in weaker than earlier fields, with traders expecting USDA to trim its yield estimate. Corn gained on soybean strength while wheat slipped to its lowest close since September.
Expectations of a smaller US soybean crop tighten supply and support prices, though South American planting delays could extend US export demand.
foxbusiness.comJesse NewmanNov 1, 2017After 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 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.
After 70 past bearish weather events, Wheat (HRW) moved a median -0.6% over 5 sessions (41% higher; middle half -3.9% to +2.5%), and -1.1% 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.
