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DATAGRO cut its 2019/20 Brazilian soybean estimate to 122.9 million tonnes from 126.08 million a month earlier, while still seeing a slight record-level crop. It put the corn total at 100.35 million tonnes and confirmed soybean area at 37.09 million hectares, up for a 13th straight year.
A downward soybean revision trims expected Brazilian export supply, but output stays near record, so the net effect on prices is small. Corn figures are broadly unchanged, leaving feed grain balances stable.
revistacultivar.comFeb 5, 2020After 563 past neutral report events, Soybeans moved a median -0.1% over 5 sessions (48% higher; middle half -1.7% to +1.6%), and -0.1% over 20.
After 770 past neutral report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% 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.
