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DTN's analyst reviews the difficult 2019 U.S. corn crop, with wet spring planting delaying about 15.8 million acres and a slow harvest. He notes the cash corn index peaked at $4.45 in July before easing, and expects USDA's January WASDE to include a final production estimate.
Late planting and harvest losses tightened 2019 supplies, which supports corn feed costs ahead of the January USDA report.
dtnpf.comTodd Hultman, DTN Lead AnalystJan 1, 2020After 1,040 past bullish report events, Corn moved a median +0.5% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% 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.
