A cold front is forecast to bring scattered showers and colder air to the Midwest later in the week, while the Central and Southern Plains are expected to remain largely warm and dry. The outlook also flags ongoing Delta drought concerns, possible improvement in central Brazil rainfall, and recent heavy rain in southern Brazil.
Dryness in the Plains and Delta could threaten winter-wheat establishment and support wheat prices, while improved central Brazil rainfall may help crop prospects and temper corn and soybean prices if it materializes.
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 357 past bearish weather events, Corn moved a median -0.3% over 5 sessions (44% higher; middle half -2.2% to +1.3%), and -0.5% over 20.
After 363 past bearish weather events, Soybeans moved a median -0.6% over 5 sessions (42% higher; middle half -2.5% to +1.1%), and -0.2% 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.