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DTN meteorologist Bryce Anderson reports that central Brazil has received 4 to 8 inches of rain from late November into early December, with planting nearly done in Mato Grosso, Mato Grosso do Sul and Goias. He notes that a weak La Niña could still reduce southern Brazil and Argentina yields.
Favorable central Brazil conditions point to a large soybean and safrinha corn crop, which limits upside in soy and corn prices despite southern risks.
dtnpf.comBryce AndersonDec 8, 2017After 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 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.
