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AgRural reports Brazilian soybean planting at 98% complete, with some early harvesting underway. Parana, the second-largest producer, has municipalities with over 20 days without rain, and some analysts speculate losses of up to 5 million tons if Mato Grosso do Sul is also hit.
Potential yield losses in Parana and Mato Grosso do Sul could reduce export availability, while farmers selling 30-40% of output before harvest may add near-term supply pressure.
agriculture.comDec 18, 2018After 1,079 past bullish weather events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.0%), and +0.9% over 20.
After 453 past bullish weather events, Soybean Meal moved a median +0.5% over 5 sessions (55% higher; middle half -1.6% to +2.7%), and +0.5% 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.
