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Brazil's 2024/25 soybean planting was 0.5% complete as of late September, behind last week and the 1.5% average. Dry conditions in central Brazil are slowing planting, and Mato Grosso planting is minimal.
Safras & Mercado estimates the crop at 171.7 million tons with acreage rising 2.1%.
Slow planting raises weather risk for the crop, but soybeans can be planted into November without major yield loss, so the price effect is limited.
ukragroconsult.comSep 26, 2024After 1,079 past bullish weather events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.0%), and +0.9% 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.
