Loading…
The FAO-linked Crop Prospects and Food Situation report for November 2024 says Brazil's 2024 cereal output fell on adverse weather while Argentina recovered. It also flags below-average harvests in Central America and the Caribbean and conflict-hit output in Sudan and Mali.
Brazil's smaller cereal crop tightens regional corn supply and supports Brazilian feed prices, while Argentina's recovery adds some offsetting export supply.
reliefweb.intNov 8, 2024After 1,040 past bullish report events, Corn moved a median +0.5% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% 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.
