Loading…
AgRural reported Brazil's soybean harvest at 44% by late February, ahead of last year's 25%. Reports cite high-moisture harvesting, poor seed quality, and low yields in Rio Grande do Sul and western Parana.
Low yields and quality problems reduce confidence in Brazil's soybean output, which provides modest support to soybean and meal prices.
ukragroconsult.comMar 3, 2022After 563 past neutral report events, Soybeans moved a median -0.1% over 5 sessions (48% higher; middle half -1.7% to +1.6%), and -0.1% 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.
