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Brazil's safrinha corn was 96% planted as of late the prior week, with most northern fields planted in the ideal window. Parana planting was 77% complete, the slowest pace since 2016, and rainfall is declining in east-central Brazil.
Late-planted corn in southern Brazil faces higher yield risk if the rainy season ends early, which could tighten export supplies and support corn prices.
ukragroconsult.comMar 30, 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.
