Loading…
Brazil's safrinha corn planting in Central Brazil is well behind the five-year average after heavy rain delayed soybean harvest. DTN notes that the delay is pushing back corn planting and raising concern that the forecast crop may not be achieved.
A delayed safrinha crop that reaches a weaker-than-forecast yield would reduce Brazilian corn export supplies and support corn prices.
dtnpf.comJohn BaranickFeb 10, 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.
