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DTN reports US corn planting was 49% complete as of May 12, five points behind the 2019–2023 average. It is also well behind the analog years 2020 and 2010 during the El Niño to La Niña transition.
Late planting raises the risk of heat during pollination and grain fill, which could cut yields and support corn prices. Buyers should watch planting progress.
dtnpf.comBryce AndersonMay 15, 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.
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.
