
Heat and low humidity are stressing second-crop corn in Brazil's Center-South, with western Parana in a more critical state where low soil moisture is hitting crops in the reproductive phase. Producers are beginning to estimate losses, and the soybean harvest had reached 82% of planted area.
Losses in reproductive-stage corn in Parana would reduce Brazilian corn supplies, supporting corn and feed prices while ample soybean harvest progress limits soymeal upside.
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 55 past neutral weather events, Soybean Meal moved a median -0.1% over 5 sessions (47% higher; middle half -1.7% to +1.5%), and +0.1% 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.