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AgRural reports Mato Grosso, Brazil's largest soybean state, has nearly finished planting with good weather through the season. Farmers expect early harvests beginning around late December and January.
Favorable planting and an early harvest point to ample Brazilian soybean supply, which is bearish for soybean and meal prices during the coming export season.
en.mercopress.comNov 21, 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.
After 357 past bearish weather events, Corn moved a median -0.3% over 5 sessions (44% higher; middle half -2.2% to +1.3%), 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.
