
Inmet's agroclimatic projection calls for above-average temperatures across much of Brazil, with a risk of water deficit for second-crop corn in the Center-South. Excess humidity is flagged for parts of the North and South, including late-planted corn in northern Paraná, while winter crops such as wheat and oats are expected to benefit.
Heat and water deficit risk for Center-South safrinha corn could cut supply and lift corn prices, though the forecast is a projection rather than confirmed loss.
After 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 224 past neutral weather events, Wheat (SRW) moved a median -0.1% over 5 sessions (46% higher; middle half -1.4% to +1.5%), and +0.4% over 20.
After 16 past neutral weather events, Oats moved a median +0.8% over 5 sessions (50% higher; middle half -5.9% to +3.3%), and +0.0% 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.