
Soybean buying prices in the Los Chenes region of Campeche reached 9,200 pesos per tonne on Monday in the Yucatán market, the highest level in recent years. Drought has cut about half of the 50,000 hectares sown, and the harvested area is yielding only about 300 kg per hectare, with the surviving crop small and low in oil.
Severe local crop losses and poor quality tighten regional soybean supply and lift local prices. The effect on national or export prices is limited because the region is small, but buyers of Mexican soy meal and feed ingredients may face higher costs.
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.