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Producers in Alto Garças and Rondonópolis report soybean crops developing below expectations. Uneven rainfall and high temperatures have limited growth, and pest control costs are rising.
Uncertainty also surrounds the second crop.
Slow soybean development in Mato Grosso, Brazil's main producing state, raises the risk of lower yields and supports soybean prices. Higher input costs squeeze producer margins.
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.
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.