
Agronomists report that a delayed start to rains in Brazil's Southeast and Central-West caused water stress that slowed soybean crop development. They recommend amino acids and hormonal products to help plants recover after the return of rain.
Water stress during planting reduces expected Brazilian soybean yields, which supports soybean and soybean meal prices. The effect is limited because rains have returned.
After 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.