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Cold temperatures are causing growers to slow corn planting, as cool, wet conditions can harm newly seeded corn that has not emerged. Soybean planting is less affected and has a wider planting window.
Delayed corn planting raises concerns about yield potential and can support nearby corn prices. Soybeans have more flexibility, so the effect is smaller.
reuters.comKaren BraunApr 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.
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.
