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Paraguayan producers are delaying soybean sowing while they wait for proper spring rains. September rainfall forecasts remain below normal for most of the country, with better rain expected in October in certain eastern and western regions.
Late planting due to dry conditions raises risk to Paraguayan soybean yields, which can support soybean meal and soybean prices if the dryness persists.
tridge.comDan KleinerSep 18, 2020After 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.
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.
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.
