Imea reports that soybean planting in Mato Grosso reached 98% of the projected area, ahead of the five-year average of 96.57% and last year's 96.36%. The Mid-North region, the state's main soybean area, has completed planting, and Imea kept its state production estimate at 48.88 million tonnes.
Fast planting on favorable weather supports the expected Brazilian soybean supply and reduces the weather premium in soymeal and soybean prices. The progress is largely in line with expectations and does not change the supply outlook.
After 328 past neutral weather events, Soybeans moved a median +0.1% over 5 sessions (52% higher; middle half -1.4% to +1.8%), and +0.7% 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.