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A Total Farm Marketing analyst says South American weather is holding back U.S. corn prices, with Brazil's safrinha corn crop showing no weather problems. She notes global corn ending stocks are tight and that Brazil needs a large crop.
Dry conditions in parts of China are also cited.
Good Brazilian safrinha conditions reduce the chance of a global supply squeeze, which keeps a lid on U.S. corn futures. Any Chinese dryness could add some support.
brownfieldagnews.comMark DorenkampApr 28, 2025After 357 past bearish weather events, CORN moved a median -0.3% over 5 sessions (44% higher; middle half -2.2% to +1.3%), and -0.5% 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.
