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Agronomists in the Corn Belt said the 2023 crop yielded well above expectations despite hot, dry June weather, crediting stress-tolerant hybrids and good planting conditions. Southern Illinois yields were especially strong.
Record yields from a dry-season crop show that the US corn supply was larger than feared, which weighs on corn prices. The story reflects the outcome rather than a new shock.
michiganfarmnews.comAshley Davenport, LG Seeds, Farm News MediaMar 1, 2024After 357 past bearish weather events, Corn moved a median -0.3% over 5 sessions (44% higher; middle half -2.2% to +1.3%), and -0.5% 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.
