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Iowa recorded one of its warmest September starts on record, with a statewide average of 79.8 F and about half the normal rainfall for the week. Corn harvest progress reached 17%, seven points behind last year and two behind the five-year average.
Delayed harvest and late-season heat can affect corn drying costs and grain quality, which can modestly support nearby corn prices.
After 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.