# Corn ETF Surged on Brazilian Weather Concerns

> CBOT corn futures reached their highest since mid-2017 as traders focused on dry weather stressing Brazil's second-crop corn. INTL FCStone cut its Brazilian second-corn output forecast by 4% to 60.5 million tonnes, and dry conditions were expected to persist in Parana.

- Date: 2018-05-04 · published 2018-05-04T12:00:00.000Z
- Category: weather · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/64863-corn-etf-surged-on-brazilian-weather-concerns
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Reduced Brazilian safrinha supply supports CBOT corn prices, raising the cost of corn-based feed ingredients.

## Read by commodity

- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2021-01-15 | [Poor weather cuts Brazilian corn expectations](https://feedsoft.ai/events/48976-poor-weather-cuts-brazilian-corn-expectations.md) | -0.1% | +3.6% |
| CORN | 2017-06-07 | [Corn, soybeans higher on weather concerns - Brownfield Ag News](https://feedsoft.ai/events/70428-corn-soybeans-higher-on-weather-concerns-brownfield-ag-news.md) | +0.6% | +1.5% |
| CORN | 2017-06-29 | [Wheat surges on weather concerns in Plains - Brownfield Ag News](https://feedsoft.ai/events/9719-wheat-surges-on-weather-concerns-in-plains-brownfield-ag-news.md) | +5.9% | +3.9% |
| CORN | 2018-12-04 | [Wet Weather in Central Brazil a Cause for Concern](https://feedsoft.ai/events/61504-wet-weather-in-central-brazil-a-cause-for-concern.md) | +0.5% | +2.6% |
| CORN | 2022-03-24 | [Mixed Weather Conditions for Second-Crop Corn in Brazil](https://feedsoft.ai/events/13733-mixed-weather-conditions-for-second-crop-corn-in-brazil.md) | +1.8% | +8.1% |

## Sources

- finance.yahoo.com: https://finance.yahoo.com/news/corn-etf-surged-brazilian-weather-180348911.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.