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Drought Monitor data for April 4 to 11 show little change in Midwest drought intensity for a second week, and Illinois saw a slight reduction in drought acreage. An Illinois farmer says moisture is not a concern and that the loss of Ukrainian grain from the market could sharply reduce supplies and lift new-crop corn prices.
Stable moisture conditions keep the crop outlook steady, while the reduced Ukrainian export supply supports corn prices through the new crop year.
agriculture.comApr 15, 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.
