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December corn futures are in their first sustained summer rally in three years, up about 40 cents from a June 29 low of $4.30. Funds have moved from net short to net long as US weather concerns grew.
Pro Farmer's historical analysis suggests a typical first summer rally gains around 19%.
Fund buying and weather concerns are driving corn higher, which raises feed grain costs for buyers. Historical rally patterns suggest further upside is possible but volatility is elevated.
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.