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StoneX expects Brazil's 2020/21 winter corn area to rise 8.5% on strong domestic and export demand and high prices. Total Brazilian corn output is estimated at about 109.3 million tons including Conab's third-crop figure, which would be a record, though the first summer crop was cut to 25.3 million tons.
A record Brazilian corn crop and larger stocks would add export competition and cap U.S. corn prices, while the summer cut partly offsets that supply growth.
revistacultivar.comDec 1, 2020After 1,102 past bearish report events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.8% to +1.3%), and +0.0% 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.
