Brazil’s corn crop set to fall following low Rio Grande do Sul production

After 1,040 past bullish report events, Corn moved a median +0.5% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% over 20.

• May 10, 2024USDA Lowers Estimates for Brazil Corn and Soy Production+2.4%
• Dec 23, 2022Brazil crop production outlook+2.1%
• May 13, 2022USDA: U.S. Corn Production to Drop 4.3%-1.0%
• Feb 4, 2026Corn production likely to fall after record 2025+0.1%
• Jun 11, 2019U.S. Corn Production, Supplies Fall, USDA Says+6.2%

After 563 past neutral report events, Soybeans moved a median -0.1% over 5 sessions (48% higher; middle half -1.7% to +1.6%), and -0.1% over 20.

• Jan 10, 2020Grain markets fall on WASDE, Crop Production Reports-1.0%
• Dec 23, 2022Brazil crop production outlook+3.5%
• Jul 8, 2021Conab drops its Brazilian corn crop estimate to 93.4 - Pro Farmer+5.9%
• Feb 28, 2025US soybeans production to fall in next marketing year: USDA-0.9%
• Jul 12, 2024USDA Hikes Corn Production, but Lowers 2024-25 Corn Ending Stocks-3.9%