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Second-crop corn productivity in Brazil is very poor outside Mato Grosso, with many fields abandoned in Mato Grosso do Sul, Paraná and São Paulo. Warehouses are not crowded and new sales are concentrated in few hubs, pointing to tight domestic supply.
Tighter Brazilian supply through the 2022 second crop raises the likelihood of import demand and firmer corn prices, supporting feed costs.
ukragroconsult.comJul 27, 2021After 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.
