Normally yes, the second effect would "see" the results of the first effect. However in your specific example the creature would get -0/-0 because Progenitus never makes it to the graveyard and is instead shuffled into your deck.
Ha ha it figures I picked progenitus for my sample card. Thanks
Will the second effect "see" the color (if any) of the discarded card of the first effect?
For example, when you cast it with no cards in graveyard, draw a card, then discard a Progenitus, will the target creature get -5/-5 until end of turn?
Card Name 1B
Instant
Draw a card, then discard a card.
Target creature gets -X/-X until end of turn, where X is the number of colors among cards in your graveyard.
Ha ha it figures I picked progenitus for my sample card. Thanks
For example, when you cast it with no cards in graveyard, draw a card, then discard a Progenitus, will the target creature get -5/-5 until end of turn?
Card Name
1B
Instant
Draw a card, then discard a card.
Target creature gets -X/-X until end of turn, where X is the number of colors among cards in your graveyard.