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Low Parana River water levels are delaying or relocating some Argentine corn exports to Atlantic ports. Brazil's safrinha corn estimates were cut, with AgRural at 69.6 MMT and CONAB at 79.7 MMT, and Parana's good-condition share fell to 25 percent.
Canadian barley and oat stocks were also reported lower year on year.
Smaller Brazilian safrinha output and river-logistics delays for Argentine corn tighten export supply, supporting corn and feed grain prices. Lower Canadian barley and oat stocks add further support to feed grain values.
grains.orgMay 13, 2021grains.orgMay 13, 2021grains.orgMay 13, 2021Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
After 1,465 past bullish weather events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.4% to +1.9%), and +0.9% 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.
