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Conab raised its Brazil soybean estimate to a record 167.9 million tons and increased second-crop corn to 98 million tons, up 8.5% year on year. Total corn output was put at 124.7 million tons.
Brazil's soybean exports were projected at 105.9 million tons and corn exports at 34 million tons.
A larger Brazilian soybean and corn supply and strong export outlook add competition to US exports, pressuring soybean and corn prices.
brownfieldagnews.comJohn PerkinsApr 10, 2025After 788 past bearish report events, Soybeans 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, Soybean Meal 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.
