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Brazilian farmers had planted about 5% of their 2021/22 safrinha corn by late January, with Mato Grosso at 9.7%. Persistent wet weather delayed the soybean harvest and reduced the acreage available for corn.
Slow safrinha planting raises the risk of a later, smaller second corn crop, which supports corn prices and feed grain costs.
ukragroconsult.comJan 26, 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.
