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Farm Progress economists say an unsettled weather pattern and the short 2020 US corn crop are tightening corn stocks, possibly to the tightest level since 2012. Dry planting conditions in the northern Corn Belt and freeze damage in Brazil's second crop are adding upward pressure.
Tightening US corn stocks and yield doubts in the northern Corn Belt support corn prices, and Brazil's frost losses could lift export demand for US corn.
farmprogress.comRon SmithJul 6, 2021After 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.
