Brazil’s Dryness Hurts 2nd Crop Corn Likely Tightening US Old-Crop Stocks

What’s Ahead

The size of Brazil’s 2nd crop safrina corn crop is the driving force in the world’s corn market. The impact of weather on this normally exportable output will determine this feed grain’s world price going forward.

Given prices are approaching their all-time, marketing ½ of your remaining 5-10% in old-crop supplies seems appropriate. Hold 2021/22 sales at 20-25%.

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Disclaimer – The information contained in this report reflects the opinion of the author and should not be interpreted in any way to represent the thoughts of any futures brokerage firm or its ...

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