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Fastmarkets analyst Anthony Speight discusses factors affecting corn market volatility, including the possible return of La Niña, Ukraine war trade-flow shifts, and a shortfall in European wheat and barley production. The piece is a general outlook rather than a new event.
A possible La Niña threatens South American yields and European grain shortfalls could shift feed grain relationships in Eastern Europe, adding price volatility.
fastmarkets.comAnthony SpeightSep 16, 2024After 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.
Not enough comparable past events yet for a historical read.
After 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.
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.
