Dry Weather in Key Crop Shipper Brazil Has Farmers Ripping Up Crops

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.

• Sep 12, 2019Column: Brazil's upcoming soy, corn crops at risk amid historically dry weather | Reuters+4.1%
• Jul 21, 2017Palm oil demand up as dry U.S. weather seen hurting rival soy crops-1.8%
• Oct 14, 2020How Brazil’s weather woes could boost U.S. farm incomes+1.9%
• Jan 12, 2022Brazil farmers struggle as drought batters southern soy crop+1.1%
• Jan 9, 2019Brazil, Argentina Crop Weather Update-1.4%

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.

• May 30, 2023Dry Weather Worries Corn Farmers in Southern Brazil-3.8%
• Sep 12, 2019Column: Brazil's upcoming soy, corn crops at risk amid historically dry weather | Reuters+4.8%
• May 10, 2024Hot and Dry Weather Impacting Safrinha Corn in Brazil+2.4%
• Oct 14, 2020How Brazil’s weather woes could boost U.S. farm incomes+2.8%
• Jan 12, 2022Brazil farmers struggle as drought batters southern soy crop-2.6%