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Agroconsult's Rally da Safra raised its forecast for Brazil's second corn crop to 102.4 million tonnes, up from 97.2 million in March and about 10% above the previous cycle. Yields in Mato Grosso and Goiás are at records, and Brazil's corn exports are forecast at a record 54.1 million tonnes.
Planting in Parana was the slowest on record because of the late soybean harvest.
A larger safrinha crop and record export volumes add to global corn supply during the Brazilian export season, which is bearish for corn prices. Logistics congestion could slow shipments and partly limit the price effect.
datamarnews.comGabriel Malheiros24 may 2023Tras 1102 eventos bajista de informe pasados, Maíz se movió una mediana de -0,2 % en 5 sesiones (47% al alza; mitad central entre -1,8 % y +1,3 %), y +0,0 % en 20.
Todavía no hay suficientes eventos comparables pasados para una lectura histórica.
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.
