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Brazil's safrinha corn planting was essentially complete, with good weather benefiting crops in both northern and southern areas. Parana's corn was 99% planted and rated 98% good.
Mato Grosso do Sul was behind the average planting pace, and late-planted fields face dry weather and frost risk.
Good weather points to a large Brazilian safrinha crop, which adds export competition and pressures corn prices. Late planting in Mato Grosso do Sul leaves some frost risk.
ukragroconsult.comApr 13, 2023After 357 past bearish weather events, Corn moved a median -0.3% over 5 sessions (44% higher; middle half -2.2% to +1.3%), and -0.5% 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.
