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Reuters reports that crop diseases are emerging in the record US corn crop, threatening yields. Farmers face low grain prices and rising costs for fertilizer, seed and other inputs.
Yield losses from disease could tighten US corn supply, which would offset some of the bearish pressure from the record crop and support corn prices.
After 56 past bullish disease events, Corn moved a median -0.1% over 5 sessions (48% higher; middle half -1.5% to +1.6%), and +0.8% 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.