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Deral reports Parana's full-season corn is 92% rated good, while Rio Grande do Sul corn is 90% planted and Conab forecasts 6 million tons there. Brazilian corn stocks are tight, and JBS bought 200,000 tons of Argentine corn for early-2020 delivery.
Tight domestic Brazilian corn supplies and early import purchases from Argentina support regional corn prices and feed costs, though the coming safrinha and southern harvests should ease pressure from mid-2020.
daniel-trading.comDanielDec 16, 2019After 729 past bullish trade events, Corn moved a median +0.4% over 5 sessions (56% higher; middle half -1.1% to +1.8%), and +0.5% 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.
