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Chicago and Rosario soybean and corn futures have fallen over 9% and 15% respectively since early September, with corn near 186 dollars. The commentary notes that El Niño may cut Brazilian yields by nearly 10%, supporting optimism.
A possible Brazilian yield loss from El Niño tightens global supply and could support soybean and corn prices despite the recent decline.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.