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Brazil's safrinha corn is developing in very limited moisture, with nearly 60% planted after the optimal date. Yields may fall more than expected as rainfall in early May is unlikely to be substantial.
Expected yield losses tighten Brazil's export supply and support global corn prices, adding to concerns about world grain stocks.
world-grain.comDrew LernerMay 26, 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.
