
CBOT May corn fell more than 11 cents per bushel during the week to test local lows, as favourable US weather and faster sowing reduced the weather premium. Ukrainian CPT Odesa corn fell $2 to $214/t and FOB held near $226-228, with 816.6 thousand tonnes exported since early April.
Lower CBOT prices and improved US planting weigh on world corn values, though a Ukrainian FOB premium over US origin supports Black Sea demand. The weather premium loss is the main price driver for feed corn buyers.
After 357 past bearish weather events, Corn moved a median -0.3% over 5 sessions (44% higher; middle half -2.2% to +1.3%), and -0.5% over 20.
Not enough comparable past events yet for a historical read.
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.