# Cordonnier: A Split Decision | Red River Farm Network

> 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.

- Date: 2021-12-16 · published 2021-12-16T12:00:00.000Z
- Category: weather · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/13760-cordonnier-a-split-decision-red-river-farm-network
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

A downgrade by a respected analyst signals reduced Brazilian corn supply, supporting corn prices and feed ingredient costs.

## Read by commodity

- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2022-07-31 | [It’s a Late Crop \| Red River Farm Network](https://feedsoft.ai/events/40513-it-s-a-late-crop-red-river-farm-network.md) | +3.1% | +4.2% |
| CORN | 2019-05-31 | [The Start of a Corn Market Rally \| Red River Farm Network](https://feedsoft.ai/events/59125-the-start-of-a-corn-market-rally-red-river-farm-network.md) | -2.5% | +3.0% |
| CORN | 2024-05-09 | [El Nino and La Nina \| Red River Farm Network](https://feedsoft.ai/events/30153-el-nino-and-la-nina-red-river-farm-network.md) | +2.7% | +0.5% |
| CORN | 2019-12-26 | [Brazil Corn and Soybeans Developing Nicely \| Red River Farm Network](https://feedsoft.ai/events/55420-brazil-corn-and-soybeans-developing-nicely-red-river-farm-network.md) | +0.6% | +1.6% |
| CORN | 2018-08-29 | [Dry Conditions on Day Two of RRFN Crop Tour \| Red River Farm Network](https://feedsoft.ai/events/63397-dry-conditions-on-day-two-of-rrfn-crop-tour-red-river-farm-network.md) | +2.7% | +4.2% |

## Sources

- rrfn.com: https://www.rrfn.com/2021/12/16/cordonnier-a-split-decision/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.