Soybeans closed higher on May 3 after meal gains of $8 to $15.90 per ton on Thursday. Flooding in southern Brazil, where Rio Grande do Sul was only 66% harvested, was cited as a bullish factor.
StoneX kept its Brazil soybean estimate at 150.8 million tonnes.
Flood-related harvest delays in southern Brazil can slow supply arrival and raise export competition concerns, supporting soybeans and meal. The impact is limited unless losses or delays become substantial.
Após 1.079 eventos altista de clima passados, Soja em grão subiu em mediana +0,3% em 5 sessões (54% de alta; metade central de -1,4% a +2,0%), e +0,9% em 20.
Após 453 eventos altista de clima passados, Farelo de soja subiu em mediana +0,5% em 5 sessões (55% de alta; metade central de -1,6% a +2,7%), e +0,5% em 20.
Variações do benchmark de cada commodity desde o último fechamento antes do evento. As leituras históricas agregam eventos passados do mesmo tipo; descrevem o que aconteceu, não o que vai acontecer. Não é recomendação de investimento.
Meal gained $8-15.90/ton on southern Brazil flooding with Rio Grande do Sul only 66% harvested, a supply concern fueling the rally.
May 3 gains in soybeans and meal on Rio Grande do Sul flooding (only 66% harvested) cut expected Brazilian supply, a direct driver within the 5-day window.
May 3 meal gains of $8 to $15.90/ton on Rio Grande do Sul flooding (only 66% harvested) directly lifted soybean meal into the move window.