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IBGE's first estimate puts Brazil's 2025 grain, legume and oilseed harvest at 311.0 million tonnes, up 5.8% from 2024. The 2024 October estimate was 293.8 million tonnes, down 6.9% from 2023, with soybean and corn output falling.
A projected rebound in Brazilian output adds to global supply expectations for 2025, which is bearish for grain and oilseed prices.
agenciadenoticias.ibge.gov.brNov 14, 2024After 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 406 past neutral report events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -1.6% to +1.5%), and +0.0% 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.
