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farmdoc daily projects Brazil's 2024/25 corn crop at 4,717 million bushels, up 3.6%, with acreage stable at about 52 million acres. Argentina expects its largest relative acreage drop in 17 years due to corn stunt disease, though its exports are projected to rise to their highest since 2020/21.
A larger Brazilian corn crop and Argentine export availability increase competition in world corn markets, pressuring corn prices, while Argentina's acreage decline is a partial offset.
farmdocdaily.illinois.eduHongxia JiaoNov 20, 2024After 175 past bearish disease events, Corn moved a median +0.0% over 5 sessions (51% higher; middle half -1.7% to +1.5%), and +0.6% 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.
