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Flooding in Córdoba and Santa Fe provinces destroyed or delayed plantings of soybeans, corn and wheat, while some Santa Fe farms saw higher soybean yields but rising harvest costs. Rainfall in the Pampas has run well above the 50-year average in five of the past six years, and few insurers cover flood losses.
Persistent excess rain in Argentina's Pampas raises harvest costs and cuts planted area, which can tighten export supplies of corn and soybeans and support prices.
climatechange.ieclimatechangeSep 19, 2017After 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 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 1,072 past bullish weather events, Wheat (SRW) moved a median +0.2% over 5 sessions (55% higher; middle half -1.4% to +2.3%), and +0.3% 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.
