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Brazil's safrinha corn crop could rise about 30 million tonnes (50%) in 2021/22 after a failed prior season, on higher planted area and better yields. The outcome depends on rainfall over the next 60 days, and the safrinha crop provides about 75% of Brazil's corn output and most of its exports.
A record Brazilian crop would add substantial export supply while other major exporters are constrained, which is bearish for corn if rains hold.
czapp.comDaniele Siqueira (AgRuralApr 27, 2022After 445 past neutral weather events, Corn moved a median +0.1% over 5 sessions (52% higher; middle half -1.4% to +1.6%), and +0.7% 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.
