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Conab's January 27 crop monitoring shows mixed Brazilian conditions. Drought caused irreversible soybean losses in Rio Grande do Sul, Paraná's Far West remains critical, and Mato Grosso is advancing quickly.
Corn is affected by both drought and excess rain across several states.
Regional losses in the south are offset by strong central output, so the net effect on soybean and corn supply is limited and prices see little direct pressure.
revistacultivar.comJan 28, 2025After 324 past neutral weather events, Soybeans moved a median +0.0% over 5 sessions (52% higher; middle half -1.4% to +1.7%), and +0.7% over 20.
After 445 past neutral weather events, Corn moved a median +0.1% over 5 sessions (52% higher; middle half -1.4% 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.
