Heavy rain flooded Iowa fields over the summer and delayed harvest by nearly two weeks, with June and September especially wet. The rain contributed to corn sprouting and ear mold, soybean field problems, and uneven yields depending on drainage.
Crop damage and yield variability could reduce usable corn and soybean supplies, lending support to prices, while harvest delays may also complicate near-term movement and quality assessment.
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 1,079 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.