A colder system is moving through the U.S. Midwest, while dry conditions persist in parts of the Central and Southern Plains and Northern Plains. Forecast rainfall in central Brazil and continued active weather in Argentina could improve moisture conditions, though the Brazil forecast still needs to be confirmed.
Rain could support winter-wheat establishment in the U.S. Plains and ease moisture concerns for South American crops. If the South American rains verify, they may reduce weather-related supply risk and limit price support for soybeans and corn.
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.
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 334 past bearish weather events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -1.9% to +1.7%), 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.