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Brazil's domestic corn market faces tight supply as exports remain strong, internal stocks have declined, and the soybean harvest is starting slowly. Corn harvests are also delayed by rain in the South and Southeast, and cheaper new-crop corn is not expected until July.
Strong export demand and low domestic stocks until the second crop arrives support Brazilian corn prices and keep feed buyers exposed to local supply tightness.
ukragroconsult.comJan 20, 2023After 729 past bullish trade events, Corn moved a median +0.4% over 5 sessions (56% higher; middle half -1.1% to +1.8%), and +0.5% over 20.
After 224 past neutral trade events, Soybean Meal moved a median -0.2% over 5 sessions (43% higher; middle half -1.7% to +1.2%), and -0.2% 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.
