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Michael Cordonnier lowered his Brazil corn estimate by a couple of million tons after dry conditions hit first-crop corn in far southern Brazil during pollination and grain fill. He said it is too early to judge soybean damage in the southern three states.
A downgrade by a respected analyst signals reduced Brazilian corn supply, supporting corn prices and feed ingredient costs.
rrfn.comCarah HartDec 16, 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.
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.
