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Embrapa's meteorological bulletin reports that rainfall from January to May was well distributed across Mato Grosso, supporting development of the second-crop corn that is now being harvested. Reduced rain in June and July did not harm crops already ripening or being harvested.
Good rainfall supporting a record Mato Grosso second-crop corn harvest adds to export supply, which weighs on corn prices and keeps Brazilian corn competitive in world markets.
revistacultivar.comJul 21, 2017After 357 past bearish weather events, Corn moved a median -0.3% over 5 sessions (44% higher; middle half -2.2% to +1.3%), and -0.5% 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.
