Loading…
Drought is hitting southern Mato Grosso particularly hard, with farmers in the mid-north possibly losing an average of 10 percent of their corn due to lack of rain. Harvest in affected fields is expected in about 40 days.
Losses in Mato Grosso, Brazil's largest corn-producing state, reduce exportable corn supply and support corn prices, with knock-on effects for feed grain costs.
reuters.comAna ManoMay 14, 2018After 1,465 past bullish weather events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.4% to +1.9%), and +0.9% 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.
