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Morning Ag Clips reports Brazil's soybean planting was about 96% complete, with a record-fast start and early harvest possible before Christmas. Projected production is around 120 million tons, a record, though recent dryness in central and southern Brazil is raising concerns for later-planted fields.
A record Brazilian crop projection keeps export supply ample and pressures soybean and meal prices, while dry spells add some upside risk.
morningagclips.comBrittanyDec 13, 2018After 363 past bearish weather events, Soybeans moved a median -0.6% over 5 sessions (42% higher; middle half -2.5% to +1.1%), and -0.2% over 20.
After 118 past bearish weather events, Soybean Meal moved a median -0.8% over 5 sessions (35% higher; middle half -3.2% to +0.4%), and -1.6% 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.
