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Brazil's safrinha corn harvest is well behind schedule, but early high yields pushed cash corn in central Mato Grosso to about $3.10 per bushel. That is more than $2 below March levels, and farmers in Brazil are facing weak prices.
Cheap Brazilian corn improves its export competitiveness against U.S. supplies, which pressures U.S. corn export demand and prices.
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.