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Chicago December corn fell 1.97% last week while Brazil's B3 November contract rose 2.58% to R$67.22 per sack. Analysts flag US harvest pressure, possible prices near US$4.40 per bushel, and weak export competitiveness against US and Argentine supply.
US harvest selling pressure and strong US and Argentine competition weigh on Brazilian corn export prospects, while currency and interest moves could shift domestic prices.
Not enough comparable past events yet for a historical read.
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.