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Brazil's second-crop corn harvest has started, with RaboResearch projecting second-crop output of 67 million metric tons and combined summer and second-crop production of up to 98 million tons, a record. Farmers face storage problems and low domestic prices.
A record Brazilian harvest adds heavy export supply and pressures world corn prices, while storage strain and low local prices may push more corn onto export markets.
brownfieldagnews.comTom SteeverSep 7, 2017After 1,102 past bearish report events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.8% to +1.3%), and +0.0% over 20.
Not enough comparable past events yet for a historical read.
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.
