
Heavy rain is disrupting soybean and corn harvests in Maranhão, Pará and Tocantins, while dry weather is stressing off-season corn in Bahia and the Center-West. Rain may also disrupt rice harvesting in Rio Grande do Sul.
Harvest delays and logistics disruption in northern Brazil can slow soybean and corn movement to port, giving modest support to nearby export prices.
After 1,079 past bullish weather events, SOY moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.0%), and +0.9% over 20.
After 1,465 past bullish weather events, CORN moved a median +0.2% over 5 sessions (54% higher; middle half -1.4% to +1.9%), 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.