Loading…
StoneX reports favorable weather in Mato Grosso over the prior 15 days, with more frequent rains that helped some fields recover. Harvest is starting early, and the first harvested areas are yielding below normal.
In southwestern Goiás, late rains came too late to fully rescue some crops.
Improving conditions limit further downside to Brazilian output, but early yield reports below normal keep the crop outlook cautious.
stonex.comStoneX Intelligence BrazilJan 2, 2024After 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.
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.
