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Heavy rain and a cold front in Rio Grande do Sul made rice planting impossible and disrupted corn planting and wheat harvesting. Soybean planting is progressing more slowly than producers want in parts of Brazil but well ahead of 2017.
Weather delays in southern Brazil slow crop progress and wheat harvest, a mild supportive factor for prices, though overall soil moisture is good and planting is ahead of last year.
revistacultivar.comOct 9, 2018After 324 past neutral weather events, Soybeans moved a median +0.0% over 5 sessions (52% higher; middle half -1.4% to +1.7%), and +0.7% over 20.
After 445 past neutral weather events, Corn moved a median +0.1% over 5 sessions (52% higher; middle half -1.4% to +1.6%), and +0.7% over 20.
After 1,072 past bullish weather events, Wheat (SRW) moved a median +0.2% over 5 sessions (55% higher; middle half -1.4% to +2.3%), and +0.3% 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.
