
The Western Producer reviews global spring weather affecting grain markets. Some dry corn areas in southern Brazil and elsewhere are noted, and Brazil's second corn crop is huge, with Conab forecasting total Brazilian corn at 122.76 million tonnes, up 6% year on year.
The La Niña has largely faded into a neutral phase.
A large forecast Brazilian corn crop adds export competition and eases feed corn tightness, which is mildly bearish for corn, while dryness in some areas is a watch item.
Setelah 357 peristiwa cuaca bearish sebelumnya, Jagung bergerak median -0,3% selama 5 sesi (44% lebih tinggi; separuh tengah -2,2% sampai +1,3%), dan -0,5% 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.