
DTN meteorologist John Baranick reports Brazil's wet season has run below normal since October, with rainfall expected to stay below normal through the final month. Soil moisture is below normal over large parts of central Brazil for the safrinha corn crop, and some models hint at an early end to the season.
Dry conditions threaten yields for Brazil's second-crop corn, tightening export supply and supporting corn and corn-based feed prices, while the record soybean crop limits any soy-side impact.
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.
Not enough comparable past events yet for a historical read.
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.