Storms in southern Brazil damaged farm structures, machinery and some crops. Excess moisture is also expected to halt soybean planting, raising concern about production of the summer crop currently being planted.
Planting delays and crop damage could reduce production prospects and support soybean and summer-crop prices if adverse conditions continue.
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 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.