
Passo Fundo recorded 240.3 millimeters of rain in the first seven days of November, above its 160.1-millimeter monthly historical average, amid storms, hail, and strong winds. The weather damaged corn, wheat, and soybean fields; reported losses range from 25% to 40% in affected areas, with some wheat fields suffering total losses and late-planted soybeans showing emergence and development problems.
Localized crop damage could reduce expected supplies of corn, wheat, and soybeans in the affected region, lending support to prices if losses prove widespread. The scale of the broader production impact is not established.
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.
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.
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.