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Rio Grande do Sul corn harvest has begun, with early yields in Tenente Portela looking good, but recurring dry weather in December caused losses in crops planted in late September and early October. Emater/RS reports 99% of the 777,442 hectare planting is complete.
Losses in Rio Grande do Sul add to a smaller Brazilian safrinha-adjacent supply picture, mildly supportive for corn prices in the region.
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.
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.