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Argentina's 2024/25 soybean planting reached 54% of the planned 17.914 million hectares as of December 15, slightly behind last year's pace. Brazil's harvest is progressing well, though moisture deficits in the north and northeast could affect yields.
India's soybean imports fell about 15% as farmers held back sales.
Slower Argentine planting and Brazilian yield risk tighten near-term supply, while weak Indian import demand is bearish. The net effect on soybean and meal prices depends on South American weather.
tridge.comNur HameedDec 27, 2024tridge.comXchel PerezDec 27, 2024tridge.comNur HameedDec 27, 2024After 563 past neutral report events, Soybeans moved a median -0.1% over 5 sessions (48% higher; middle half -1.7% to +1.6%), and -0.1% over 20.
After 1,102 past bearish report events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.8% to +1.3%), and +0.0% over 20.
After 96 past bearish report events, Palm Oil moved a median -0.1% over 5 sessions (48% higher; middle half -1.3% to +1.6%), and -0.9% over 20.
After 250 past neutral report events, Soybean Meal moved a median -0.1% over 5 sessions (49% higher; middle half -1.6% to +1.7%), and +0.4% 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.
