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Rio Grande do Sul soybean planting reached 95% of the estimated area after mid-January rains. Of the planted crops, 3% are in grain filling, 28% in flowering and 69% still in germination or vegetative development.
Near-complete planting limits further downside from late planting, so the market impact of the progress report is modest.
After 324 past neutral weather events, Soybeans moved a median +0.0% over 5 sessions (52% higher; middle half -1.4% to +1.7%), and +0.7% 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.