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Precipitation in central and northern Brazil is forecast to stay below normal through March, following an intense wet season. Dryness has also persisted in southern Brazil and Argentina under La Nina.
Safrinha corn planted late in the season faces a shortened rain window.
Below-normal March rain threatens safrinha corn yields in Brazil's main producing states, tightening export supplies and supporting corn prices. Feed buyers may see higher corn and corn co-product costs.
dtnpf.comJohn BaranickFeb 25, 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.
