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DTN reported wide variability in early corn yield prospects across the Corn Belt, with 62% of the crop silking and 13% at dough stage as of July 24, both behind average pace. USDA's national yield estimate is 177 bushels per acre, and several scenarios for trend and average yields are being debated.
Uncertainty over whether yields will meet USDA's 177 bpa estimate keeps corn prices sensitive to weather, with late-season stress posing downside risk to supply.
dtnpf.comBryce AndersonJul 27, 2022After 445 past neutral weather events, CORN moved a median +0.1% over 5 sessions (52% higher; middle half -1.4% to +1.6%), and +0.7% 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.
