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March rains in Mato Grosso do Sul eliminated water stress, and the second-crop corn recovered from a weak February start and is developing well. Conab's seventh estimate notes that 2.16 million hectares of second-crop corn were planted within the recommended window.
Improved crop condition in a Brazilian corn state points to adequate supply, which slightly eases upward price pressure.
revistacultivar.comApr 8, 2022After 357 past bearish weather events, CORN moved a median -0.3% over 5 sessions (44% higher; middle half -2.2% to +1.3%), and -0.5% 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.
