Loading…
AgRural reports Brazil's 2016-17 second-crop corn harvest reached 2.6% of planted area, ahead of the 1.6% four-year average, helped by dry weather. The analyst estimates a total Brazilian corn crop of 97.8 million tonnes, up 47%, with exports from Brazilian ports expected to rise in July through September.
Early harvest progress and a large crop point to heavier Brazilian corn exports in the third quarter, which pressures world corn prices.
poandpo.comJun 12, 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.
