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Heavy rainfall has saturated fields across the Midwest, with some Iowa farms receiving 4 to 5 inches in June. Farmers are struggling to complete nitrogen sidedressing and spraying due to repeated storms and extreme winds in parts of Iowa, Illinois, Indiana and Missouri.
Delayed nitrogen application and waterlogged soils can reduce corn yields, which supports corn prices and reduces feed supply expectations.
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.
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.