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Pro Farmer consultant Michael Cordonnier raised his Brazil corn estimate by 2 million tons to 134 million tons, with a neutral bias. Rainfall improved soil moisture for southern safrinha corn but slowed soybean harvesting in Rio Grande do Sul, and USDA kept its Brazil corn estimate at 132 million tons.
A larger Brazilian corn crop than USDA's estimate increases export competition, which is mildly bearish for corn and feed grain prices.
profarmer.comBill WattsApr 13, 2026After 1,102 past bearish report events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.8% to +1.3%), and +0.0% over 20.
After 250 past neutral report events, Soybean Meal moved a median -0.1% over 5 sessions (49% higher; middle half -1.6% to +1.7%), and +0.4% 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.
