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Farm Futures reader reports show variable crop ratings and concern about subsoil moisture during corn pollination. Nearly three-quarters of corn was silking as a heat wave arrived, and USDA topsoil moisture was 57% adequate to surplus.
Heat and dry soils during pollination and kernel fill can cut yields, which supports corn and soybean prices if conditions persist.
farmprogress.comJacqueline HollandJul 27, 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.
After 1,079 past bullish weather events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.0%), 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.
