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Brazil's weather office has formally confirmed La Niña, which is expected to bring dry weather between December and February, the period when the first corn crop develops. The report also notes that high fertilizer prices may amplify yield losses, and that Chicago corn traded near 5.4 USD/bu this season.
Dry weather during Brazil's first corn crop development raises the risk of yield losses and tighter export supply, supporting corn prices. Reduced fertilizer use due to high costs could worsen the yield impact.
czapp.comAlberto Carmona30 nov 2021Tras 1465 eventos alcista de clima pasados, Maíz se movió una mediana de +0,2 % en 5 sesiones (54% al alza; mitad central entre -1,4 % y +1,9 %), y +0,9 % 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.
