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Geosys Brasil's satellite-based estimate puts Brazil's national corn production at 94.15 million tonnes, 7.8% below its January projection. Paraná, Mato Grosso do Sul and Minas Gerais face the largest losses, with crop failures expected in several areas after a dry spell.
Lower Brazilian corn output reduces the export supply available to global feed buyers and supports corn prices.
revistacultivar.comJun 10, 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.
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.
