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A farm blogger reports that crops on his family's Minas Gerais farm look excellent after recent rains, with corn nearly six feet tall and soybeans planted from early November to early December. He expects no yield loss in that plateau region, which is not a major grain-producing area.
Localized good crop conditions add a small bearish signal to Brazilian supply expectations, but the region is minor, so the price effect is limited.
farmprogress.comMatthew KruseDec 9, 2020After 363 past bearish weather events, Soybeans 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.
