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Corteva summarizes the 2022 drought, which spread east across the Corn Belt by late October, when 71% of corn area was in drought. Iowa averaged 202 bu/acre and Illinois 215 bu/acre, while Nebraska yields fell 13% and Kansas 17% from 2021.
The drought's late timing spared the eastern Corn Belt yields but hit the western Plains hard, reinforcing the tight-supply picture for corn and related feed ingredients.
corteva.comJan 23, 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.
