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Corn futures climbed toward $5.00 per bushel, the highest since October 2023. The rise is attributed to lower-than-expected Argentine yields from drought, strong US exports and a projected 3 million tonne drop in global stocks.
Tighter global corn stocks from Argentine drought and firm US export demand support feed corn prices, although Argentine supply recovery and tariff uncertainty are bearish risks.
tradingview.comFeb 18, 2025After 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.
