Loading…
Conab's first 2021/22 estimate puts Brazil's soybean crop at 140.75 million tonnes, up 2.5% from last year, and its corn crop at 116.31 million tonnes, up 33.7%. The corn rebound follows a 2020/21 safrinha crop wrecked by late planting, drought and frost.
A much larger Brazilian corn and soybean crop adds export supply for the second half of the marketing year, which weighs on world prices for corn and soy-based feed ingredients.
soybeansandcorn.comOct 8, 2021After 1,102 past bearish report events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.8% to +1.3%), and +0.0% over 20.
After 788 past bearish report events, Soybeans moved a median -0.3% over 5 sessions (47% higher; middle half -2.0% to +1.5%), and -0.9% 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.
