Loading…
Corn yields in several major producing states, including Indiana and Illinois, ran above trend despite widespread drought at different times in 2023. Michigan was near trend.
An NCGA economist said global corn production is growing and demand must rise to support stronger prices.
Yields that beat expectations despite drought keep corn supplies ample, which limits price upside.
brownfieldagnews.comNicole HeslipJan 24, 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.
