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Southern Brazil is experiencing dryness after a delayed soybean harvest this year pushed some crops into later maturation. The article examines how weather has departed from the normal double-cropping pattern that depends on timely rains.
Dryness in southern Brazil threatens second-crop corn and soybean yields, which could tighten export availability and support feed grain and meal prices.
world-grain.comDrew LernerMay 22, 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.
After 1,079 past bullish weather events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.0%), 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.
