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Brazil's second-crop (safrinha) corn harvest is advancing, with 5% of the national crop harvested, slightly above the four-year average, as Paraná catches up after wet weather. Mato Grosso's crop is 61% sold, ahead of last season's pace, and farmers are benefiting from a stronger dollar.
Steady harvest progress and a large safrinha crop increase export supply ahead of the July to September shipping window, pressuring world corn prices.
farmprogress.comJames ThompsonJun 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.
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.
