
A corn farmer in Donna, Texas, reports that drought has left his corn short and without developed ears, leaving him with roughly two months of feed instead of six and forcing him to buy feed for his livestock. Texas A&M extension specialist Ronnie Schnell says yields in parts of the Rio Grande Valley were reduced by more than 50%.
Local yield losses of this size reduce the grain available to feed buyers in the Rio Grande Valley, which can raise local corn and feed prices and increase demand for imported feed ingredients.
After 1,469 past bullish weather events, Corn moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +1.8%), and +0.9% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.