
Despite a dry growing season near Karlstad, Minnesota, a farmer’s corn and soybean yields finished average or slightly above average. Rain in August provided a late boost, and the farmer has completed fall fertilizer applications.
The reported yields suggest the dry spell did not significantly reduce local crop output, leaving the supply impact limited. The story does not indicate a meaningful price change.
After 445 past neutral weather events, Corn moved a median +0.1% over 5 sessions (52% higher; middle half -1.4% to +1.6%), and +0.7% over 20.
After 324 past neutral weather events, Soybeans moved a median +0.0% over 5 sessions (52% higher; middle half -1.4% to +1.7%), and +0.7% 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.