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An analysis notes that corn prices have been moving sideways as weather factors offset each other. Argentina is likely to produce below-average crops due to drought, and attention is shifting to Brazil's safrinha planting and Northern Hemisphere planting.
Drought in Argentina and planting timing in Brazil are the key weather risks that could push corn prices sharply in either direction.
agriculture.comFeb 17, 2023After 445 past neutral weather events, Corn moved a median +0.1% over 5 sessions (52% higher; middle half -1.4% to +1.6%), and +0.7% 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.
