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Rio Grande do Sul corn harvest has started, with irreversible drought losses in the north and no losses in the south after recent rain. Losses of 30% and 50% are estimated in some municipalities.
Confirmed yield losses in a major state reduce Brazil's first-crop corn supply, supporting corn and DDGS values for feed buyers.
revistacultivar.comDec 23, 2021After 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.
Not 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.
