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Brazilian farmers have started planting 2021/22 safrinha corn, with Parana at 2% and Mato Grosso at 1.5%. Parana has suffered a severe drought for several months, and some farmers are waiting for more moisture.
Slow planting and drought-stressed conditions in Parana, the second-largest safrinha state, add to risk for the second corn crop and support corn prices.
ukragroconsult.comJan 21, 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.
