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Argentine corn farmers face a warmer-than-normal southern winter that is unlikely to curb leafhopper insects damaging crops. The Rosario exchange had already cut its corn harvest forecast by 6.5 million tons to 50.5 million tons due to the outbreak.
A smaller Argentine corn crop tightens export supply from the world's third-largest corn exporter, supporting corn and DDGS-linked feed costs.
admis.comADMIS Research TeamApr 25, 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.
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.
