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Brazil's Agriculture Minister Tereza Cristina Dias said heavy rains in Mato Grosso and other states were disrupting planting of the second corn crop, which will make up about 80% of output. She said tight corn supplies were already a concern for meatpackers.
She also suggested agricultural commodity prices could rise further.
Government concern over weather-delayed planting and tight supplies signals firmer domestic corn and feed demand, supporting prices for feed buyers.
brecorder.comReuters12 mar 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.
