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New-crop corn futures rose nearly 13 percent and new-crop soybean futures rose 16 percent between April 1 and June 1, 2016. Farmers largely did not take advantage of the typical spring price rally by selling their crops.
Stronger futures lifted local elevator bids, but low farmer selling means less grain reaching the market, which can keep nearby cash supplies tight.
iowafarmbureau.comDirck SteimelJun 6, 2016Not enough comparable past events yet for a historical read.
Not 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.
