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Analysts say a wet week in parts of the Corn Belt and cool forecasts could slow planting. Traders prefer 85% of corn planted by mid-May, and slow planting could limit acreage gains beyond USDA's March intentions.
Slow planting raises doubts about acreage and early yield prospects, which can add modest support to corn prices if the delays persist.
farmprogress.comBryce KnorrApr 13, 2021After 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.
