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Conab reported dry weather in central Brazil favored maturation and harvest of second-crop corn for August 1 to 21. Rains improved wheat in Rio Grande do Sul, and vegetation indices pointed to good wheat development.
Favorable second-crop harvest conditions and good wheat development point to steady supply, with no clear price shift for grains.
revistacultivar.comAug 24, 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.
After 406 past neutral report events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -1.6% to +1.5%), 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.
