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The Farsul system projects Rio Grande do Sul's 2020/21 grain harvest at 33.9 million tons, up 28.4%, with soybeans rising 75.8% to 19.8 million tons. Corn is forecast to fall to 3 million tons after a second straight drought, while wheat is expected to rise 15.3%.
A sharp soybean recovery in southern Brazil adds to supply, while the corn shortfall in the state is too small to move national prices much and offers only modest support to regional feed grain demand.
revistacultivar.comDec 11, 2020After 363 past bearish weather events, Soybeans moved a median -0.6% over 5 sessions (42% higher; middle half -2.5% to +1.1%), and -0.2% over 20.
After 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 224 past neutral weather events, Wheat (SRW) moved a median -0.1% over 5 sessions (46% higher; middle half -1.4% to +1.5%), and +0.4% 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.
