
AgRural raised its forecast for Brazil's 2024/25 corn production to 130.6 million tonnes, with the safrinha crop estimated at a record 103.4 million tonnes. Harvest in central-southern Brazil was 18% complete, well behind the prior year's pace, and frost and rain complicated field operations and loss assessments.
A larger Brazilian safrinha crop adds export supply that competes with US corn in the second half of the year, which is bearish for corn and related feed prices. Delayed harvest and frost-related quality concerns partly offset this pressure.
Setelah 1.102 peristiwa laporan bearish sebelumnya, Jagung bergerak median -0,2% selama 5 sesi (47% lebih tinggi; separuh tengah -1,8% sampai +1,3%), dan +0,0% selama 20 sesi.
Belum cukup peristiwa historis yang sebanding untuk analisis historis.
Pergerakan benchmark setiap komoditas dari penutupan terakhir sebelum peristiwa. Pembacaan historis menggabungkan peristiwa serupa di masa lalu; itu menggambarkan apa yang terjadi, bukan apa yang akan terjadi. Bukan nasihat investasi.
AgRural's raised record Brazil safrinha corn forecast (103.4 Mt) points to heavier export competition and bearish global supply sentiment.