Loading…
Paraná's state agriculture secretariat forecasts a 2017/18 summer grain harvest of 23 million tons, down 9% from last year. Soybean yields have already fallen 2% in the west after excess rain, and planting was delayed by drought before heavy rains.
A 9% drop in Paraná output, the state's soybean crop falling to 19.4 million tons, tightens Brazilian supplies and supports soybean and corn prices.
folhadolitoral.com.brRedaçãoNov 30, 2017After 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 1,465 past bullish weather events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.4% to +1.9%), and +0.9% 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.
