Loading…
Grain Central reports that global grain futures and cash prices fell in the prior week, then recovered on bullish news about Brazil's safrinha corn. Planting was delayed and moisture stress has grown in key states such as Mato Grosso do Sul and Paraná.
A shortfall in Brazilian safrinha corn, which dominates export supply, is likely to force importers toward wheat, supporting wheat prices and feed costs.
graincentral.comGuest AuthorApr 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.
After 1,072 past bullish weather events, Wheat (SRW) moved a median +0.2% over 5 sessions (55% higher; middle half -1.4% to +2.3%), and +0.3% 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.
