
Argentina's core region planted 1.16 million hectares of soybeans in the past seven days, about 15 percentage points above the five-year average for this date, with roughly 70% now sown. Producers are racing to finish ahead of forecast rains, and about 30% of the area remains to be planted.
Fast planting reduces the risk of late-season yield losses in Argentina, which weighs mildly on soybean meal and oil prices. Margins are firm for soybeans but weaker for corn, which may shift acreage and export supply later.
After 363 past bearish weather events, Soybeans moved a median -0.6% over 5 sessions (42% higher; middle half -2.5% to +1.1%), and -0.2% 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.
After 445 past neutral weather events, Corn moved a median +0.1% over 5 sessions (52% higher; middle half -1.4% to +1.6%), and +0.7% 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.