Soybeans closed higher on May 3 after meal gains of $8 to $15.90 per ton on Thursday. Flooding in southern Brazil, where Rio Grande do Sul was only 66% harvested, was cited as a bullish factor.
StoneX kept its Brazil soybean estimate at 150.8 million tonnes.
Flood-related harvest delays in southern Brazil can slow supply arrival and raise export competition concerns, supporting soybeans and meal. The impact is limited unless losses or delays become substantial.
Tras 1079 eventos alcista de clima pasados, Soja se movió una mediana de +0,3 % en 5 sesiones (54% al alza; mitad central entre -1,4 % y +2,0 %), y +0,9 % en 20.
Tras 453 eventos alcista de clima pasados, Harina de soja se movió una mediana de +0,5 % en 5 sesiones (55% al alza; mitad central entre -1,6 % y +2,7 %), y +0,5 % en 20.
Variaciones de la referencia de cada materia prima desde el último cierre antes del evento. Las lecturas históricas agrupan eventos pasados del mismo tipo; describen lo ocurrido, no lo que ocurrirá. No es asesoramiento de inversión.
Meal gained $8-15.90/ton on southern Brazil flooding with Rio Grande do Sul only 66% harvested, a supply concern fueling the rally.
May 3 gains in soybeans and meal on Rio Grande do Sul flooding (only 66% harvested) cut expected Brazilian supply, a direct driver within the 5-day window.
May 3 meal gains of $8 to $15.90/ton on Rio Grande do Sul flooding (only 66% harvested) directly lifted soybean meal into the move window.