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Analysts expect USDA and Brazilian agencies to cut Brazil's corn crop estimates due to dry weather in key regions. Parana's share of good-condition second corn has fallen sharply, following its driest April in over 20 years.
A smaller Brazilian safrinha harvest shifts export business toward the US, supporting US corn export demand and prices.
datamarnews.comMay 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.
