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DTN reports that central Brazil's rainy season has ended earlier than normal for a second straight year, with well-below-normal rainfall. The safrinha corn crop is at risk after last year's poor harvest, and optimism for a good season is fading.
Brazil supplies a large share of world corn exports in the second half of the year. A weak safrinha crop would tighten export availability and support corn and DDGS prices.
dtnpf.comJohn BaranickApr 14, 2022After 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.
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.
