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Heat and dryness across the central Midwest, from Kansas to Arkansas and including southern Indiana, is hitting corn during pollination. USDA reports corn supply down 8% from last year, and analysts warn of insurance payouts and higher consumer prices if the drought continues.
A supply cut during pollination raises the risk of lower corn yields, which would tighten feed grain supplies and support corn prices.
ipm.orgSarah KaiserOct 29, 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.
