◂ Event Timeline

Jun 15, 2022REPORTBrazil

Brazil Expecting Historic Safrinha Despite Less Than Ideal Weather - farmdoc daily

Analysts at the University of Illinois say Conab data point to a record Brazilian safrinha corn crop despite drier-than-normal April and May. Expected good yields and larger planted area drive the forecast.

Brazil and China also completed talks allowing Brazilian corn exports to China.

WHY IT MATTERS

A record Brazilian crop and new access to China's market increase competing corn supply, which pressures global corn prices.

AFFECTSCorn▼

SOURCE
farmdocdaily.illinois.eduHongxia JiaoJun 15, 2022

Price reaction & history

Corn▼bearishSO FAR1d +0.5%5d -1.6%20d +0.4%

After 1,102 past bearish report events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.8% to +1.3%), and +0.0% over 20.

Jun 20, 2022Brazil expecting historic 2nd-crop corn yields despite less than ideal weather | An official publication of Michigan Farm Bureau-3.7%
Jul 1, 2022Despite Drought Brazil On Track to Harvest Record Safrinha Corn Crop+3.4%
Mar 13, 2025Ethanol stocks continue to grow despite lower production and higher exports : The Daily Digest+6.5%
Apr 8, 2022PF Report Reaction: U.S. corn, wheat ending stocks higher than expected - Pro Farmer-0.7%
Feb 9, 2022PF Report Reaction: U.S. ending stocks higher than expected - Pro Farmer+0.5%

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.

Corn CORN · GP ▸

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