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DTN reports Brazil's soybean planting reached over 22% by October 14, the second-fastest start on record, versus 8% a year earlier. Mato Grosso, the largest soybean state, was 45% planted, as producers planted early after last year's La Nina losses.
Fast planting lowers the risk of a late-season delay to Brazil's soybean and safrinha corn crops, which pressures soy and corn prices.
dtnpf.comJohn BaranickOct 21, 2021After 363 past bearish weather events, SOY moved a median -0.6% over 5 sessions (42% higher; middle half -2.5% to +1.1%), and -0.2% over 20.
After 357 past bearish weather events, CORN moved a median -0.3% over 5 sessions (44% higher; middle half -2.2% to +1.3%), 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.
