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AgMarket.Net's Jim McCormick says Brazil's safrinha corn is receiving needed rain and is expected to be a very good crop. Brazil's soybean harvest is essentially complete, and US corn is the cheapest in the world with a competitive window until about July.
Demand for US corn has been strong.
Expected large Brazilian safrinha supply and harvested soybeans threaten US export share once Brazilian crops arrive, a bearish influence on US corn and soybean prices.
brownfieldagnews.comBrent BarnettApr 30, 2025Not enough comparable past events yet for a historical read.
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.
