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Nutrien Ag Solutions meteorologist Eric Snodgrass said several small dry pockets remain a concern in Midwest crop development. He pointed to a dry area west of Des Moines in Iowa that could cause yield loss if it does not receive rain.
Thunderstorm activity has missed some drier fields in Missouri and Ohio.
A persistent dry area in Iowa, a key corn state, could reduce yields in a critical growth period. Supply concerns from that area could support corn prices.
rrfn.comCarah HartJul 27, 2020After 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.
