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Farm Progress reports Mato Grosso farmers are preparing to plant second-crop corn after soybean harvest, with planting expected on about half of harvested soy acres by February 20. A farmer notes that favorable weather through pod-fill has turned less favorable during pod formation.
Dry or wet swings during Brazil's safrinha planting and development can shift corn supply expectations, so the mixed weather is a modest factor for corn prices.
farmprogress.comJames ThompsonFeb 10, 2017After 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.
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.
