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July corn futures gained 9 cents on dry weather in Brazil threatening its second corn crop, while US planting reached 81% complete, in line with the five-year average. USDA export sales showed 0.85 MMT of net corn sales and 1.47 MMT of shipments, and the national cash corn price reached $3.75 per bushel.
Brazilian dryness tightens the export outlook for corn, while steady US planting limits weather risk, leaving cash corn firm on the back of stronger bids.
grains.orgMay 24, 2018grains.orgMay 24, 2018grains.orgMay 24, 2018Not enough comparable past events yet for a historical read.
After 1,465 past bullish weather events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.4% to +1.9%), and +0.9% over 20.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
