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Maize prices fell in early May, pressured by South American supply, while barley rose on supply concerns and a firm wheat market. The US Grains Council flagged the slowest US planting start since 2013 and possible Brazilian safrinha crop cuts of 5-10 million tonnes.
Slow US planting, Brazilian dryness and European heat stress point to tighter coarse grain supplies, supporting feed grain prices even as near-term South American harvest pressure weighs on corn.
world-grain.comChris LyddonMay 26, 2022After 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.
