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Brazilian domestic corn prices rose in November as record exports drew supply from the domestic market. Exporters have shipped strongly this year, well above 2023 levels.
Planting concerns in Mato Grosso, including a lost planting window and irregular rainfall, cloud the 2024 outlook.
Heavy export flows tighten Brazilian domestic supply and lift local corn prices, which are tied to export parity. Planting problems in Mato Grosso could cut the 2024 crop.
ukragroconsult.comDec 11, 2023After 729 past bullish trade events, Corn moved a median +0.4% over 5 sessions (56% higher; middle half -1.1% to +1.8%), and +0.5% 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.
