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Adverse weather may slow the harvest of Brazil's second corn crop (safrinha). LSEG analysts expect unusually high temperatures and heavy rain in southern Brazil over the next two weeks, with the far south getting 40-160 mm above normal.
Argentina's winter wheat areas are forecast to receive more favorable rainfall.
Harvest delays in southern Brazil could slow safrinha corn shipments and tighten near-term export availability, supporting corn prices. Better moisture in Argentina should help wheat crop development and limit wheat price support.
ukragroconsult.comJul 31, 2026After 1,465 past bullish weather events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.4% to +1.9%), and +0.9% over 20.
After 334 past bearish weather events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -1.9% to +1.7%), and -0.2% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
