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Reuters column reports that corn crop ratings fell in southern Brazil after an unusually dry stretch. Second-crop corn was planted at the slowest pace in at least a decade, and weather now threatens yield potential.
Brazil supplies most of the world's corn exports in the mid-year window, so lower ratings tighten export availability and support corn and feed-grain prices.
reuters.comKaren BraunApr 21, 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.
