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Meteorologist Eric Snodgrass says a small shift in the summer ridge explains why 2017 produced record corn yields rather than drought. He notes that a delay in Brazil's rains pushed back planting of the safrinha corn crop by about a month.
He expects a wetter, more active storm track in the Corn Belt this winter.
Brazil's delayed safrinha planting raises the risk of lower second-crop corn output, which could support export corn prices later in the marketing year. The US weather outlook has less direct price effect.
brownfieldagnews.comLarry Lee17 nov 2017Tras 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.
