
About a quarter of Brazil's soybean crop is planted, with Mato Grosso at 43% and Paraná at 39%. Argentina's agriculture minister says the country may export the most soybeans in 15 years, and Argentina has its best soil moisture in five years.
Strong South American planting progress and large expected Argentine soybean exports add supply to world markets, which is mildly bearish for soybeans and meal.
After 363 past bearish weather events, Soybeans moved a median -0.6% over 5 sessions (42% higher; middle half -2.5% to +1.1%), and -0.2% over 20.
After 118 past bearish weather events, Soybean Meal moved a median -0.8% over 5 sessions (35% higher; middle half -3.2% to +0.4%), and -1.6% over 20.
After 357 past bearish weather events, Corn moved a median -0.3% over 5 sessions (44% higher; middle half -2.2% to +1.3%), and -0.5% 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.