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Brazil's central-west harvest is being slowed by spotty showers, which delays safrinha corn planting. WeatherTrends360 expects dry, hot conditions across southern Brazil and Argentina into March, with the second half of February among the driest in 30-plus years from Mato Grosso do Sul to Rio Grande do Sul.
Forecast dryness during the critical pollination window threatens immature soybeans and safrinha corn, raising South American supply risk and supporting corn and soybean prices.
agriculture.comFeb 22, 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 1,079 past bullish weather events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.0%), and +0.9% over 20.
After 453 past bullish weather events, Soybean Meal moved a median +0.5% over 5 sessions (55% higher; middle half -1.6% to +2.7%), and +0.5% 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.
