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Corn prices fell more than 30 cents over the prior 12 sessions. Dryness in parts of Russia was intensifying and could widen, while Brazil's second-crop corn appeared stabilized.
Market participants awaited the USDA June supply and demand report.
Possible Russian drought cuts Black Sea corn supply and could add risk premium, offering some support after heavy selling, though strong U.S. crop ratings limit upside.
farmprogress.comKevin Van Trump11 jun 2018Tras 1465 eventos alcista de clima pasados, Maíz se movió una mediana de +0,2 % en 5 sesiones (54% al alza; mitad central entre -1,4 % y +1,9 %), y +0,9 % en 20.
Variaciones de la referencia de cada materia prima desde el último cierre antes del evento. Las lecturas históricas agrupan eventos pasados del mismo tipo; describen lo ocurrido, no lo que ocurrirá. No es asesoramiento de inversión.
Notes corn's 30+ cent slide over prior sessions and pre-WASDE positioning; Russian dryness was only a partial offset, so it describes the selling trend.
