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Drought and dry conditions across April 2022 hurt Brazil's safrinha corn, with the monsoon collapsing about two weeks early as La Nina strengthened. Mato Grosso, Goias and Minas Gerais were most affected, after early planting had led to record crop forecasts.
An early end to the rains cuts yield potential in late-planted safrinha fields, reducing exportable corn supply and supporting feed grain prices.
ukragroconsult.comMay 3, 2022
graincentral.comGuest AuthorMay 3, 2022Not enough comparable past events yet for a historical read.
After 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.
