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Ag Marketing IQ: Weather writes the story for the safrinha crop, or second crop, which is the primary competitor for U.S. corn. Watch closely.

Markets remain extremely volatile amid the ongoing war with Iran.  Other fundamental factors, including weather trends in Brazil, could potentially result in additional wide swings in price in the weeks and months ahead. Planting of second season, or safrinha, corn in Brazil is wrapping up and has trailed last year due to a slower-than-average nationwide soybean harvest. This could eventually have an impact on yields depending on when the dry season begins. As a student of the market, you understand that weather markets are often associated with increased price volatility and are best viewed as a potential opportunity for your operation.

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