# Brazil hopes to be the corn market saviour - Grain Central

> Russia's invasion of Ukraine has halted shipments from Ukrainian ports indefinitely, which has pushed global buyers to seek nearby corn supplies. This has increased the importance of Brazil's safrinha crop, which makes up about three-quarters of Brazil's corn output.

- Date: 2022-03-29 · published 2022-03-29T12:00:00.000Z
- Category: geopolitics · region Brazil · magnitude high
- Page: https://feedsoft.ai/events/13736-brazil-hopes-to-be-the-corn-market-saviour-grain-central
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Loss of Ukrainian export supply raises demand for Brazilian corn and lifts global corn and wheat prices.

## Read by commodity

- CORN: bullish ▲
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2019-09-17 | [Daily Market Wire 17 September 2019 - Grain Central](https://feedsoft.ai/events/9891-daily-market-wire-17-september-2019-grain-central.md) | +1.7% | +4.7% |
| CORN | 2022-10-31 | [Daily Market Wire 1 November 2022 - Grain Central](https://feedsoft.ai/events/39159-daily-market-wire-1-november-2022-grain-central.md) | -2.2% | -3.8% |
| CORN | 2022-06-30 | [Expect China to Import Brazilian Corn \| Feed & Grain](https://feedsoft.ai/events/14929-expect-china-to-import-brazilian-corn-feed-and-grain.md) | +1.0% | -16.7% |
| CORN | 2018-12-04 | [Don’s party adjourned Azov the weekend - Grain Central](https://feedsoft.ai/events/61485-don-s-party-adjourned-azov-the-weekend-grain-central.md) | +0.5% | +2.6% |
| CORN | 2022-10-30 | [Grain market braces for price flurry as Black Sea corridor in doubt](https://feedsoft.ai/events/39027-grain-market-braces-for-price-flurry-as-black-sea-corridor-in-doubt.md) | -2.2% | -3.8% |
| WHEAT | 2019-09-17 | [Daily Market Wire 17 September 2019 - Grain Central](https://feedsoft.ai/events/9891-daily-market-wire-17-september-2019-grain-central.md) | +2.4% | +2.8% |
| WHEAT | 2022-10-31 | [Daily Market Wire 1 November 2022 - Grain Central](https://feedsoft.ai/events/39159-daily-market-wire-1-november-2022-grain-central.md) | -5.6% | +2.4% |
| WHEAT | 2018-12-04 | [Don’s party adjourned Azov the weekend - Grain Central](https://feedsoft.ai/events/61485-don-s-party-adjourned-azov-the-weekend-grain-central.md) | -0.3% | +1.5% |

## Sources

- graincentral.com: https://www.graincentral.com/markets/brazil-hopes-to-be-the-corn-market-saviour/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.