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Rainfall in the week before the report eased climate stress on Brazil's 2024 second-crop corn. A significant drought pocket remained in the center-south of Mato Grosso do Sul, probably with production losses, while Mato Grosso had good rain and an early harvest projected.
Brazil needs to export nearly 40 million tons this business year, and export pace is so far behind that.
Improved moisture across most second-crop regions lowers the risk of a major Brazilian corn shortfall, which weighs on prices, though losses in Mato Grosso do Sul and late plantings still add some support.
ukragroconsult.com28 mar 2024Tras 357 eventos bajista de clima pasados, Maíz se movió una mediana de -0,3 % en 5 sesiones (44% al alza; mitad central entre -2,2 % y +1,3 %), y -0,5 % en 20.
Variaciones de la referencia de cada materia prima desde el último cierre antes del evento. Las lecturas históricas agrupan eventos pasados del mismo tipo; describen lo ocurrido, no lo que ocurrirá. No es asesoramiento de inversión.
