
Brazil's 2023/24 safrinha corn was 93% planted as of the prior week, ahead of 82% a year earlier, with planting nearly complete. Rainfall in south-central Brazil was 40% to 80% below average for two to three weeks, and a heat dome was forecast for parts of Argentina, Paraguay and Brazil.
Dry conditions during early vegetative growth in key safrinha areas raise the risk of yield losses, which would tighten Brazilian corn supply and support prices.
Setelah 1.465 peristiwa cuaca bullish sebelumnya, Jagung bergerak median +0,2% selama 5 sesi (54% lebih tinggi; separuh tengah -1,4% sampai +1,9%), dan +0,9% selama 20 sesi.
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.