
A University of Nebraska-Lincoln marketing video discusses Brazil's soybean planting and the weather outlook for the coming months. It reports Mato Grosso soybean planting at 75.81%, ahead of last year's 60% and the five-year average of 64.3%.
The presenter says a strong El Niño could affect South American yields.
Faster-than-normal planting in Mato Grosso points to a timely crop, which weighs on prices, but El Niño risk to South American yields offsets some of that pressure.
After 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 770 past neutral report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), 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.