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Brazilian farmers are struggling to store record soybean and second-crop corn harvests, with some corn stored in piles on the ground exposed to the elements. Low prices and full warehouses are squeezing farm incomes and grain traders' margins.
Storage shortages can force farmers to sell quickly at harvest, adding near-term export pressure and keeping Brazilian corn and soybean basis and prices weak.
csmonitor.comAna ManoAug 17, 2017After 359 past bearish logistics events, Corn moved a median -0.3% over 5 sessions (44% higher; middle half -1.5% to +1.5%), and -0.5% over 20.
After 297 past bearish logistics events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.5% to +1.8%), 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.
