◂ Event Timeline

Sep 30, 2024WEATHERBrazil

Soybean Weekly Report

Chicago soybeans rose 5.3% in the week to Sept. 27 as speculative funds covered short positions amid dry weather in Brazil.

StoneX still expects a record Brazilian crop and a relaxed global balance.

WHY IT MATTERS

Dry Brazilian planting weather and fund short covering lift soybean and meal prices, though record South American supply limits the rally.

AFFECTSSoybeans▲Soybean Meal▲

SOURCE
stonex.comStoneX Intelligence BrazilSep 30, 2024

Price reaction & history

Soybeans▲bullishSO FAR1d -0.8%5d -2.6%20d -7.3%

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.

Aug 28, 2023Soybean Weekly Report-1.8%
Jul 24, 2023Soybean Weekly Report-0.9%
May 6, 2024Soybean Weekly Report+0.3%
Oct 15, 2024MN CropCast: Soybean harvest report from the field with Curt Burns-1.5%
Feb 8, 2018U.S. grains: Soybeans hit one-week top - Grainews+3.5%

Soybean Meal▲bullishSO FAR1d +0.7%5d -2.5%20d -10.5%

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.

Jul 24, 2023Soybean Weekly Report+2.4%
Oct 15, 2024MN CropCast: Soybean harvest report from the field with Curt Burns-0.3%
Feb 8, 2018U.S. grains: Soybeans hit one-week top - Grainews+10.3%
Jan 18, 2019What's Behind the Rise in Soybean ETF?+0.5%
Feb 25, 2026Soybeans Rally with the Help of Meal+0.5%

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.

Soybeans SOY · GP ▸

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Soybean Meal SBM · GP ▸

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