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AgRural reports 4.2% of southern Brazil's 2024/25 first corn crop was planted by late August, versus 7.5% a year earlier. Acreage in the south is expected to fall 3.5% due to low corn prices and potential low yields from La Niña.
Brazil's 2023/24 safrinha was 94.2% harvested.
A projected 3.5% drop in southern first-crop acreage, combined with La Niña yield risk, points to tighter corn supply later in the year. Low corn prices are the main reason for the reduced area.
ukragroconsult.comAug 30, 2024After 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.
