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AgRural estimates Brazil's 2017-18 total corn production at 87.1 million tonnes, down 10.2 million from last year, while Safras & Mercado projects 79.02 million tonnes. Mato Grosso farmers are starting to harvest early-planted safrinha corn, while others wait for rain.
Lower Brazilian corn output reduces export competition and supports global corn prices, favoring higher feed corn costs for buyers.
dtnpf.comLin TanMay 22, 2018After 1,040 past bullish report events, Corn moved a median +0.5% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% 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.
