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S&P Global reports that favorable rains are forecast for southern Brazil from Sept. 28 to Oct.
4, supporting first corn planting. Central Brazil faces drier weather that may delay soybean planting, with first corn planting in the Center-South at 26% of the forecast area as of Sept.
23.
Timely first-crop corn planting helps ease tight Brazilian supplies, while delayed soybean sowing in central Brazil could push second-crop corn planting outside the ideal window and threaten yields.
spglobal.comMugunthan KesavanSep 28, 2021After 445 past neutral weather events, Corn moved a median +0.1% over 5 sessions (52% higher; middle half -1.4% to +1.6%), and +0.7% over 20.
After 1,079 past bullish weather events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.0%), 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.
