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Ceres Imaging agronomist John West says Midwest farmers are preparing for another wet planting season, comparable to the record-wet 2019 season. He advises planting corn through early May and notes yields could fall 10 to 50 percent for planting after mid-May.
Wet conditions that delay planting raise the risk of prevented planting and lower yields, which could support corn prices. The effect is still speculative at this stage.
ceres.aiApr 15, 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.
