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Conab raised Brazil's 2024/25 grain and fiber forecast to a record 328.3 million tonnes, 2.6 million tonnes above its February estimate. Soybean output is put at 167.4 million tonnes, while drought in Rio Grande do Sul is weighing on the southern crop.
A record Brazilian soybean crop adds export supply that pressures soybean meal and soybean prices, although southern drought partly offsets the gain.
valorinternational.globo.comFernanda PressinottMar 14, 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 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.
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.
