Loading…
Dryness returned to Mato Grosso and Goias in mid-May 2022 during reproduction of the safrinha corn crop, with yields sliding lower. Topsoil moisture was rated very short in many areas, and only frontal systems could bring relief once the monsoon ended.
Attention also shifted to North American weather concerns.
Yield losses in a large share of Brazil's second-crop corn tighten global feed grain supply and support corn and feed prices.
world-grain.comDrew LernerMay 17, 2022After 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.
