A stalled front is bringing heavy rain from the Central Plains to the Great Lakes, with heat across the Eastern U.S. and a pattern change expected next week. DTN also flagged dryness in the Black Sea region, China and Australia.
Rain easing Midwest heat supports crops, which is neutral to bearish for corn. Dryness in Black Sea wheat areas can add modest support to wheat prices.
After 445 past neutral weather events, Corn moved a median +0.1% over 5 sessions (52% higher; middle half -1.4% to +1.6%), and +0.7% over 20.
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.
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.