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Brazil's CNA asked the Ministry of Agriculture to extend the ZARC planting deadlines by 10 days for second-crop corn in Parana and Mato Grosso. Conab reported only 20% of the corn area sown, with corn stocks at 7.3 million tonnes, the lowest in four years.
Late planting risks yield losses and loss of insurance coverage, while very low domestic corn stocks tighten supply for feed buyers and support corn prices.
revistacultivar.comFeb 26, 2021After 318 past bullish policy events, CORN moved a median -0.1% over 5 sessions (48% higher; middle half -1.4% to +1.5%), and -0.2% 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.
