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AgRural reported Brazil's safrinha corn at 53% planted as of late February, versus 24% a year earlier and up 11 points on the week. Northern areas have wet, adequate soil moisture, while southern areas are dry and short on moisture.
The first-crop harvest was 29% complete.
Faster planting in the north supports the expected safrinha harvest, which eases concern about domestic corn supply. Dry southern conditions remain a downside risk to yields.
ukragroconsult.comFeb 24, 2022Not enough comparable past events yet for a historical read.
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.
