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DTN's April forecast called for well-below-normal rainfall at the end of Brazil's wet season, with soil moisture below normal across much of the safrinha belt. Model forecasts show reduced shower intensity and coverage, which could shorten the season before corn fills kernels.
A drier April raises the risk of lower Brazilian safrinha yields, which would reduce export supply and support corn prices.
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.
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.