
A cold front and moisture channel are expected to bring rain to southern and parts of central Brazil this week. Soil moisture recovery remains uneven, with deficits in Rio Grande do Sul, Santa Catarina, Minas Gerais and northwestern Mato Grosso do Sul, while Matopiba remains very dry.
Uneven soil moisture across major soybean areas complicates planting and could cap early yield prospects. The impact is a moderate upside risk to soybean prices if dryness persists.
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 55 past neutral weather events, Soybean Meal moved a median -0.1% over 5 sessions (47% higher; middle half -1.7% to +1.5%), and +0.1% 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.