
Argentina’s corn planting reached 50.5% of the projected 8.4 million hectares, while soybean planting reached 4.7% of the projected 17 million hectares. Moisture was favorable in major growing areas, though low temperatures and wet ground delayed work in southern Córdoba; analysts said abundant expected harvests in Brazil and the United States were weighing on prices.
Progress toward large planted areas and expectations for abundant global crops add to prospective supply and pressure corn and soybean prices. Weather-related delays in parts of Córdoba pose a localized risk but were not described as a major threat to output.
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.