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Datagro's seventh survey puts Brazil's 2019/20 soybean crop at 121.26 million tons, slightly below the prior estimate, and raises the two-crop corn estimate to 102.18 million tons. Yield losses in Rio Grande do Sul and Santa Catarina from dry weather were noted.
A larger corn estimate eases export competition pressure on corn, while the small soybean cut slightly supports soybean and meal prices.
revistacultivar.comApr 30, 2020After 1,102 past bearish report events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.8% to +1.3%), and +0.0% over 20.
After 747 past bullish report events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.1%), and +0.8% over 20.
After 414 past bullish report events, Soybean Meal moved a median -0.1% over 5 sessions (48% higher; middle half -2.1% to +2.3%), and +0.3% 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.
