Corn jumps 1.2% to 2013 high on tightening global supplies; wheat firms

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.

• Apr 27, 2021Corn hits fresh near 8-year high as global supplies tighten+4.7%
• Apr 22, 2021Corn highest since 2013, soy tops $15 and wheat over $7 on supply fears | Financial Post+11.6%
• Apr 26, 2021Corn futures jump to a 7-year high on supply concerns+13.6%
• May 4, 2024Corn hits 3-month high; soy, wheat climb on global crop weather woes+1.8%
• Sep 5, 2018Wheat Rebounds On Supply Woes, Corn At Two-Week High | ESM Magazine-0.4%

After 1,072 past bullish weather events, Wheat (SRW) moved a median +0.2% over 5 sessions (55% higher; middle half -1.4% to +2.3%), and +0.3% over 20.

• Apr 22, 2021Corn highest since 2013, soy tops $15 and wheat over $7 on supply fears | Financial Post+3.9%
• Mar 9, 2022US Winter Wheat Production Won’t Ease Tight Global Supplies-3.1%
• Apr 26, 2021Corn futures jump to a 7-year high on supply concerns+3.3%
• Jun 16, 2021EU wheat surges to record as supplies continue to tighten | Saxo-8.0%
• May 4, 2024Corn hits 3-month high; soy, wheat climb on global crop weather woes+2.2%

Not enough comparable past events yet for a historical read.