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Persistent heavy rain has slowed the soybean harvest in Tocantins, with only 20% harvested in the south and west versus 60% statewide. Grain elevators have cut intake due to limited drying capacity, and rural roads are impassable.
Soybean quality is lower, and yield estimates may be revised down.
Lower quality and delayed deliveries reduce near-term soybean availability in northern Brazil and may trim yields. This modestly supports soybean prices and adds logistics pressure on exports.
ukragroconsult.comFeb 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.
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.
