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Brazilian forecasters expect rain showers across central-north producing regions of Mato Grosso, Rondonia, Para, Tocantins and other states through mid-March. Conditions are favorable for second-crop corn, cotton and bean development and harvesting, though late corn planting may reduce second-crop corn output.
Rain favoring safrinha development supports Brazilian corn supply, but late planting risks a smaller crop, a mixed signal that adds modest support to corn prices.
revistacultivar.comMar 13, 2018After 445 past neutral weather events, Corn moved a median +0.1% over 5 sessions (52% higher; middle half -1.4% to +1.6%), and +0.7% over 20.
After 324 past neutral weather events, Soybeans moved a median +0.0% over 5 sessions (52% higher; middle half -1.4% to +1.7%), and +0.7% 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.
