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Deral reports that Paraná completed its 2018/19 soybean harvest, with 99% harvested the prior week, and first-crop corn harvest reached 97% of forecast area. Wheat planting in the state reached 11% of its estimated 1.02 million hectares, with all planted wheat rated in good condition.
Completed Brazilian soybean harvest and good crop conditions point to ample near-term export availability, a mildly bearish factor for soybean and meal prices, while wheat planting progress is routine.
williams.com.brMarcelo DamasioMay 3, 2019After 788 past bearish report events, SOY moved a median -0.3% over 5 sessions (47% higher; middle half -2.0% to +1.5%), and -0.9% 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.
After 406 past neutral report events, WHEAT moved a median -0.2% over 5 sessions (47% higher; middle half -1.6% to +1.5%), and +0.0% 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.
