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Soybeans in west-central Brazil and Tocantins planted after November 1 will not leave enough time for safrinha corn within the ideal window. Soybean planting is the slowest since 2009.
Low domestic corn prices also discourage farmers from planting safrinha corn.
Late planting and low prices could reduce the safrinha corn crop, though larger planted area and new equipment partly offset this. The net effect on corn supply and prices is uncertain.
ukragroconsult.comDec 4, 2023After 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.
