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Agroconsult forecasts Brazil's 2023/24 second corn crop at 96.7 million tons, down 10.5% from the prior season, due to adverse weather in Parana and Mato Grosso do Sul. Mato Grosso and Goias show good yield potential that partly offsets the losses.
A smaller Brazilian second-crop corn harvest, mainly exported in the second half of the year, reduces export supply and supports corn prices against competing origins.
ukragroconsult.comMay 24, 2024After 1,040 past bullish report events, Corn moved a median +0.5% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% 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.
