Brazil reduces estimates for grain harvest amid extreme weather events

After 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.

• Jan 17, 2022Brazil’s Drought Reduces Grain Harvest Forecasts+3.4%
• Dec 4, 2018Wet Weather in Central Brazil a Cause for Concern+1.0%
• Oct 25, 2023All over Brazil, extreme weather is affecting soybean planting-0.6%
• Feb 26, 2021Brazil Soy Harvest Slowed by Delayed Planting and Wet Weather+0.7%
• Feb 28, 2022Soybean Prices Rise as South American Drought Reduces Harvest | Feed & Grain+5.4%

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.

• Jan 17, 2022Brazil’s Drought Reduces Grain Harvest Forecasts-0.5%
• Oct 3, 2023Hot, dry grain fill weather affects yield estimates-0.4%
• Jul 13, 2017Strategy Grains lowers EU harvest estimates after heat+0.3%
• Jun 12, 2023Coceral cuts EU grain harvest outlook on dry weather+6.8%
• Jul 31, 2026Weather may delay Brazil’s second corn crop harvest-1.6%