# Brazilian domestic market of corn places its bets on the climate

> Rainfall in the week before the report eased climate stress on Brazil's 2024 second-crop corn. A significant drought pocket remained in the center-south of Mato Grosso do Sul, probably with production losses, while Mato Grosso had good rain and an early harvest projected. Brazil needs to export nearly 40 million tons this business year, and export pace is so far behind that.

- Date: 2024-03-28 · published 2024-03-28T12:00:00.000Z
- Category: weather · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/13587-brazilian-domestic-market-of-corn-places-its-bets-on-the-climate
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Improved moisture across most second-crop regions lowers the risk of a major Brazilian corn shortfall, which weighs on prices, though losses in Mato Grosso do Sul and late plantings still add some support.

## Read by commodity

- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2024-09-26 | [Soybeans rise for fourth session on Brazilian weather woes - Markets - Business Recorder](https://feedsoft.ai/events/28339-soybeans-rise-for-fourth-session-on-brazilian-weather-woes-markets-business.md) | +2.5% | +0.4% |
| CORN | 2021-11-04 | [La Nina not expected to hurt Brazilian corn \| The Western Producer](https://feedsoft.ai/events/13762-la-nina-not-expected-to-hurt-brazilian-corn-the-western-producer.md) | +3.7% | +0.1% |
| CORN | 2016-06-22 | [Rain, stronger dollar especially hard on the corn market - Brownfield Ag News](https://feedsoft.ai/events/9749-rain-stronger-dollar-especially-hard-on-the-corn-market-brownfield-ag-news.md) | -2.1% | -5.4% |
| CORN | 2026-10-27 | [CBoT corn drops on US harvest pressure - Markets - Business Recorder](https://feedsoft.ai/events/421-cbot-corn-drops-on-us-harvest-pressure-markets-business-recorder.md) | +0.0% | — |
| CORN | 2023-11-21 | [Soybeans up for 2nd session on Brazilian dryness; wheat rebounds - Markets - Business Recorder](https://feedsoft.ai/events/12256-soybeans-up-for-2nd-session-on-brazilian-dryness-wheat-rebounds-markets.md) | -3.2% | -0.5% |

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/brazilian-domestic-market-of-corn-places-its-bets-on-the-climate/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.