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CODAK notes Brazil's safrinha corn is nearly 70% of its annual corn output and received about 5.1 inches of late-April rain. The 14-day outlook calls for below-average rain and above-normal temperatures, and the crop's NDVI is 0.72.
Analysts expect crop ratings to slip if the dry, hot pattern persists.
A drier, hotter forecast could cut safrinha yields and support corn prices, but current crop health limits the immediate upside.
codakgroup.comGarret BrownApr 30, 2025After 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.
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.
