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Soybean harvest in Rio Grande do Sul had reached 97% of the 5.96 million planted hectares by mid-May. Yields were uneven by region, with losses from the prolonged drought, and second-crop soybeans averaged only 2,070 kg per hectare in Ijuí.
Harvest completion confirms the drought-reduced southern output, but the change is largely already reflected in prices and does not add a major new supply shock.
revistacultivar.comMay 15, 2020After 563 past neutral report events, SOY moved a median -0.1% over 5 sessions (48% higher; middle half -1.7% to +1.6%), and -0.1% 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.
