Hit by Brazil shipment delays, Chinese soybean crushers forced to shrink output

After 453 past bullish weather events, SBM moved a median +0.5% over 5 sessions (55% higher; middle half -1.6% to +2.7%), and +0.5% over 20.

• Sep 14, 2017Brazil's New Soybean Planting Season Delayed by Dryness+2.0%
• Jan 27, 2022Corn and soybean farmers in Brazil hit by huge losses amid droughts - Fastmarkets+7.8%
• Feb 16, 2022EXCLUSIVE: Exclusive: Paraguay soy crushers, hit by drought, risk running out of beans | Reuters+3.0%
• Dec 18, 2018Brazil Soybean Farmers to Slow Early Selling Pace, Analyst Says-0.5%
• May 8, 2023Argentina’s soybean crushers likely to face headwinds until next harvest: Bunge-0.8%

After 1,079 past bullish weather events, SOY moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.0%), and +0.9% over 20.

• Sep 14, 2017Brazil's New Soybean Planting Season Delayed by Dryness+1.8%
• Jan 27, 2022Corn and soybean farmers in Brazil hit by huge losses amid droughts - Fastmarkets+7.3%
• Feb 16, 2022EXCLUSIVE: Exclusive: Paraguay soy crushers, hit by drought, risk running out of beans | Reuters+8.0%
• Dec 18, 2018Brazil Soybean Farmers to Slow Early Selling Pace, Analyst Says-2.3%
• Nov 21, 2023Brazilian Farmers Still have 30% of Their Soybeans to Plant - AgWeb-1.5%