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Corn farmers in northern Paraná face losses of 50% to 60% on the safrinha crop, and up to 80% to 100% in the driest areas, after a 90-day dry spell in Maringá. The crop was planted late and the rainy season ended early, and frost could cause further losses before the harvest starting in mid-July.
Heavy losses in Paraná, a major safrinha state, reduce Brazil's exportable corn and may force contract renegotiations, which supports corn prices.
ukragroconsult.comJun 25, 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.
