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DTN reports Brazil's FOB corn prices have drifted lower over the past two months amid favorable weather. A private AgroConsult estimate of 100 million tonnes for Brazil's 2017 crop exceeds USDA's 96 million, and US corn exports are running 45% higher than a year ago.
Expectations of a much larger Brazilian crop weigh on export prices, though strong US export shipments provide some support for US corn.
dtnpf.comTodd HultmanJun 2, 2017Not 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.
