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Brazil's second-crop 2018/19 corn is forecast at 65.3 million tons, up about 21% from 53.9 million a year earlier, based on an average of nine consultant estimates. Higher planted area and better yield prospects, with Rabobank estimating 5.13 tons per hectare, drive the increase, and farmers planted early in a favorable window.
A much larger Brazilian safrinha crop adds export supply that competes with US corn and pressures corn and DDGS prices for feed buyers.
williams.com.brMarcelo DamasioFeb 21, 2019After 1,102 past bearish report events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.8% to +1.3%), and +0.0% 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.
