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Brazilian corn states are recording the lowest soil moisture in 30 years, with losses of 30% to 50% reported on some farms. National corn output estimates are expected to fall from 90 to about 75 million tons.
A roughly 16% production cut would reduce Brazil's export availability, supporting corn prices and pulling demand toward U.S. supplies.
farmprogress.comJulio BravoMay 13, 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.
