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Late-season heat in September, with temperatures 4 to 8 degrees F above normal in parts of the Western Corn Belt, sped crop drying and reduced yields. NASS October estimates for Nebraska, Kansas and Missouri came in several bushels per acre below earlier months.
Lower yield estimates tighten the corn balance sheet, which is supportive for corn prices and feed costs.
dtnpf.comBryce AndersonOct 19, 2023After 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.
Not enough comparable past events yet for a historical read.
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.
