
A column by Brazilian agriculture leader José Mário Schreiner reviews grain production risks in Goiás. Four of the last six grain harvests in the state fell, though the current harvest is strong with output around 21 million tons expected.
Second-crop corn still depends on March and April rainfall.
Expected strong Goiás output adds modestly to Brazilian grain supply, while dependence on late-season rain leaves second-crop corn exposed to weather risk that could support corn prices.
After 445 past neutral weather events, Corn moved a median +0.1% over 5 sessions (52% higher; middle half -1.4% to +1.6%), and +0.7% over 20.
After 324 past neutral weather events, Soybeans moved a median +0.0% over 5 sessions (52% higher; middle half -1.4% to +1.7%), 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.