Loading…
Dry weather allowed good harvest progress across the region, with some farmers finishing and others still cutting soybeans and shelling corn. Double-crop soybean yields are running strong, and wheat has emerged with rain expected to help establishment.
Strong double-crop soybean yields add modest supply, which is mildly bearish for soybeans and soybean meal, though the effect is small.
agupdate.comNov 4, 2026After 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 55 past neutral weather events, Soybean Meal moved a median -0.1% over 5 sessions (47% higher; middle half -1.7% to +1.5%), and +0.1% 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.
