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CBOT corn futures topped $8 a bushel on April 18, the highest in nearly a decade, on concerns about cold US weather slowing planting and the Ukraine war disrupting grain exports. Planting was 2% complete as of April 10, behind the five-year average of 3%.
Delayed US planting raises yield risk while blocked Black Sea shipments remove supply, both supporting corn prices for feed buyers.
aljazeera.comReutersApr 18, 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.
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.
