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Wet weather is delaying both the soybean harvest and planting of safrinha corn in central Mato Grosso. Farmers in Sorriso had planted only about 50% of their intended safrinha acreage, far behind a normal year.
Late planting raises the risk that the crop runs out of moisture before maturing.
Late planting in Brazil's largest corn municipality threatens yields and reduces expected safrinha output, supporting corn prices.
ukragroconsult.comMar 5, 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.
