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Farm Journal reports that 2023 drought-year corn results were supported by drought-tolerant genetics and moisture-retention practices. A Minnesota grower won a contest with a 314.93 bushel yield on only 7 inches of rain.
Better drought tolerance in seed and farming practice supports yields even in dry years, which limits the upside for corn prices in a dry season.
agweb.comMar 14, 2024After 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.
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.
