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Conab expects Brazil's second corn (safrinha) crop to reach a record for the 2021/22 season, about 45% above last season's drought-reduced crop. Planted area increased as farmers responded to higher corn prices, and harvest was 5% complete.
Dry weather in parts of the country remains a concern.
A record Brazilian safrinha harvest adds large export supply during the months when US corn exports are typically strongest, which is bearish for corn prices.
agweb.comSara Schafer1 Jul 2022Setelah 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.
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.
