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EarthDaily Agro reports that El Nino is already affecting second-crop corn areas in Brazil, with above-average temperatures forecast for the South and Central-West over the next 10 days. Poor NDVI trends in eastern and central Parana suggest productivity there could be compromised if rainfall stays low.
Warmer winter conditions reduce frost risk but raise drought stress in late-planted fields, creating yield risk for Brazilian corn that could support corn prices.
revistacultivar.comJun 2, 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.
