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Brazil's 2017/18 soybean planting window opened in Parana on Sept. 10, but producers have held off sowing because of extremely dry weather and no rain in the forecast.
Some farmers who planted early are worried about how the young crops will develop.
Delayed planting in Brazil's main export region lifts expectations of later and possibly smaller soybean supplies, which supports soybean and meal prices.
agriculture.comSep 14, 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 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.
