Loading…
Corn futures fell 1.7% to 2.2% on May 16, 2023, with the December contract holding near $5 after its lowest print since December 2021. NASS reported 65% of corn planted as of May 14, ahead of average.
Ukraine's grain exports through May 15 trailed last year's pace.
Faster U.S. planting and a slower Ukrainian export pace leave mixed signals, though ample U.S. supply keeps corn prices under pressure for feed buyers.
barchart.comAlan BruglerMay 16, 2023Not 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.
Corn dropped 1.7-2.2% on May 16 with planting ahead of average, signaling strong supply prospects.
