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Pro Farmer's midday market snapshot reports corn roughly unchanged and soybeans lower, with soymeal up. It notes the IGC lowered its world corn production forecast to 1.3 billion tons and that China says it has enough fertilizer for spring planting despite Iran war disruptions.
The headline theme is costly inputs and weather pressure on global wheat output.
Input cost pressure and weather-driven cuts to global wheat output support wheat prices, while the corn production downgrade adds mild support for feed grains. Overall moves were small on the day.
profarmer.comPro Farmer EditorsApr 23, 2026After 1,072 past bullish weather events, Wheat (SRW) moved a median +0.2% over 5 sessions (55% higher; middle half -1.4% to +2.3%), and +0.3% over 20.
After 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.
