
Embrapa expects Brazil to produce a record 100 million tonnes of corn this year, up 18% from last year. Exports are projected at 30 million tonnes, a 20% increase, which would make Brazil the third-largest corn exporter.
The growth is attributed to the shift to crop rotation and a larger share of safrinha corn.
Larger Brazilian exports add supply to world corn markets, which is bearish for corn prices and competes with US exports. Buyers should expect more cheap Brazilian corn for feed.
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.
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.