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Hot, dry weather in late grain fill has caused early top dieback in some cornfields in Indiana and elsewhere. Breeders report that kernel size and plumpness may be reduced, with the effect varying by hybrid.
Possible kernel weight losses could trim final corn yields, a modest upside risk for corn prices.
farmprogress.comTom J. BechmanOct 3, 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.
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.
