Loading…
The 2022/23 Brazil corn estimate was held at 133.0 million tons. The safrinha harvest was 77% complete, versus 89% a year earlier, and wet weather was slowing harvest in Parana and parts of Mato Grosso do Sul.
An unchanged crop estimate with slow harvest keeps Brazilian export supply steady, so corn prices see little new pressure.
ukragroconsult.comAug 28, 2023After 770 past neutral report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% 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.
