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Brazil's second-crop corn harvest reached 44% complete by July 4, roughly double the pace of the prior year. Mato Grosso is 60% harvested, and the Agricensus estimate for the second crop is 75.7 million tonnes, unchanged but subject to revision.
Fast harvest progress brings Brazilian corn to export markets earlier in the season, adding near-term supply pressure on corn prices.
agrural.com.brAgRural Commodities AgrícolasJul 8, 2019Not 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.
