
Severe storms with rain, wind and hail affected parts of Argentina’s grain belt; a preliminary radar survey estimated about 15,600 hectares exposed to storm cores, including roughly 2,300 hectares hit by the most intense centers. Wheat harvest paused in parts of central-north Santa Fe, with reports of severe localized crop losses and wet-soil delays also slowing summer crop sowing; field assessments are ongoing.
Potential wheat yield and quality losses could tighten Argentine supplies and support wheat prices, while disrupted planting raises uncertainty for upcoming soybean, corn, sunflower and sorghum production.
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.
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.
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.