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DTN's Bryce Anderson reports that heavy spring rain delayed corn planting in southeastern Minnesota, with Rochester recording 260% of normal May rainfall and cool temperatures. Producers at the DTN Ag Summit expected lower yields and quality from the late planting.
Late planting and cool weather reduce expected corn yields and quality, which tightens the feed grain balance. Lower supply expectations support corn prices.
dtnpf.comBryce AndersonDec 12, 2019After 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.
