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Brazil's government has declared the drought the worst in nearly a century. Gro's corn yield model projects sharply lower year-over-year corn production even though planted area has increased.
A sharp fall in Brazilian corn output shrinks the export supply that feed buyers rely on and supports corn prices.
gro-intelligence.comJun 9, 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.
