Loading…
Soil moisture across most Brazilian safrinha corn areas is severely short, with nearly no rain in the past 10 days in northern regions. Forecast models show little rainfall prospects for the coming week.
Persistent dryness threatens yields in key Brazilian corn areas, supporting global corn prices and export demand for U.S. corn.
dtnpf.comJohn BaranickMay 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.
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.
