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May corn closed down 1 1/4 cents at $4.93, near a one-month low, after a fourth day of losses amid risk-off sentiment. Brazil's safrinha planting delays in Mato Grosso and Mato Grosso do Sul could leave 20-25% of the crop outside its optimal window, and ethanol stocks rose to near-record levels.
Late Brazilian safrinha planting threatens yields and could support corn later, while record-high ethanol stocks signal weaker domestic corn demand for industrial use.
profarmer.comPro Farmer EditorsFeb 26, 2025profarmer.comPro Farmer EditorsFeb 25, 2025Not enough comparable past events yet for a historical read.
After 357 past bearish weather events, Corn moved a median -0.3% over 5 sessions (44% higher; middle half -2.2% to +1.3%), and -0.5% over 20.
After 10 past bearish weather events, Lean Hogs moved a median -0.6% over 5 sessions (20% higher; middle half -2.7% to -0.2%), and -4.3% 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.
Feb 26 corn fell a fourth straight day to near a one-month low on risk-off sentiment and near-record ethanol stocks, though Brazil safrinha delays were a partial offset.
