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AgRural reported that 98% of Brazil's safrinha corn was planted by late March, versus 90% a year earlier, and 58% of the first corn crop was harvested. In Mato Grosso, farmers had forward sold 50.7% of their 2021/22 corn, below last year's 70.8%.
Fast planting and slow forward sales by farmers point to a steady supply flow and little immediate price pressure on corn.
ukragroconsult.comMar 24, 2022After 770 past neutral report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% 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.
