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Brazil's 2022/23 safrinha corn was 12% planted in late January compared with 24% a year earlier, according to AgRural, as wet weather slowed planting in central Brazil. Mato Grosso was 16.4% planted versus 42% last year and a 31.5% average.
Late planting could push more of the crop past the ideal window, raising frost and dry-season risks to yields and supporting corn prices.
ukragroconsult.comFeb 9, 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.
