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Brazil's main-season soybean planting started about two weeks late, and harvest delays are adding pressure on the safrinha window. Rainfall has been below normal across Mato Grosso, the largest safrinha producer, and the forecast for the first weeks of February is for below-normal rain.
A late, dry start to safrinha corn planting raises the risk of a shortened season and lower yields, which would tighten export supplies and support corn prices.
dtnpf.comJohn BaranickJan 28, 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.
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.
