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CONAB raised its 2024/25 Brazil grain harvest forecast to 339.6 million tonnes, up 1.1% from June and 14.2% year on year. Soybean output was projected at a record 169.5 million tonnes and corn at 132 million tonnes.
A larger Brazilian grain and soybean crop increases global export availability, which tends to weigh on soybean, corn and meal prices.
valorinternational.globo.comFernanda Pressinott, Alessandra SaraivaJul 11, 2025After 788 past bearish report events, SOY moved a median -0.3% over 5 sessions (47% higher; middle half -2.0% to +1.5%), and -0.9% 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 399 past bearish report events, SBM moved a median -0.4% over 5 sessions (44% higher; middle half -2.4% to +1.2%), and -1.0% 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.
