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Heavy rainfall in Brazil, as monitored by Cepea, is delaying the corn harvest and the sowing of the next crop, mainly in the Center-West. Buyers are staying out of the national spot market, leaving liquidity low and prices relatively stable.
Delayed sowing raises concern about frost and drought later, but low trading activity is keeping spot prices steady for now.
tridge.comVictor LangatFeb 27, 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.
