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IBGE's first estimate for Brazil's 2019 harvest of cereals, legumes and oilseeds is 226.7 million metric tons, 0.2% below 2018. Output is expected to fall in the North, Northeast, Southeast and Central West, offset by a 4.1% gain in the South.
A slight projected decline in Brazilian grain output is marginally supportive for feed grain and meal prices, though the change is small relative to the overall supply picture.
agenciadenoticias.ibge.gov.brNov 8, 2018After 1,040 past bullish report events, Corn moved a median +0.5% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% over 20.
After 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.
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.
