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Recent rains came too late for much of Brazil's safrinha corn, and frosts in Paraná added losses. Imea cut its Mato Grosso safrinha estimate to 32 million tonnes from 36 million, with yields expected at their lowest in four years.
The Brazilian real also strengthened to 5.03 per dollar, which cuts farmers' local-currency returns.
Smaller Mato Grosso and Paraná crops reduce Brazilian corn exports and support global corn prices, while a stronger real may slow farmer selling and tighten nearby supply.
ukragroconsult.com9 jun 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.
