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Continued rains in the US Midwest have stalled corn and soybean planting, while dry weather on the Canadian Prairies is stunting canola and wheat. Both countries face trade disputes with China that have already depressed exports and left stocks high.
Smaller North American harvests from both weather problems could tighten canola, soybean and corn supplies, supporting meal and feed prices. Trade losses limit how much of that gain holds.
financialpost.comReutersJun 4, 2019Not enough comparable past events yet for a historical read.
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 1,465 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.
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.
