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Conab's Agricultural Monitoring Bulletin says April rains were sufficient for second-crop corn in most producing regions. Emergence is advanced and vegetation indices are above both last year and the historical average, though dry spots remain in Bahia, northern Minas Gerais and central São Paulo.
Favorable conditions for Brazil's second-crop corn point to a larger export supply later in the year, which weighs on corn prices.
revistacultivar.comApr 26, 2024After 1,102 past bearish report events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.8% to +1.3%), and +0.0% 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.
