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As of late November 2022, Brazil's 2022/23 soybeans were 80% planted, versus 86% a year earlier and a 73% average, according to Ag Rural. Dry pockets persist in central and far southern Brazil, and planting in Goias and Minas Gerais has slowed.
Early-planted soybeans in central Brazil are entering their critical reproductive phase.
Persistent dryness during flowering and pod setting threatens yields in a major export origin, which supports soybean and meal prices. Planting delays add some uncertainty to the crop outlook.
ukragroconsult.comNov 25, 2022After 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.
After 453 past bullish weather events, Soybean Meal moved a median +0.5% over 5 sessions (55% higher; middle half -1.6% to +2.7%), and +0.5% 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.
