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A hot, dry summer reduced the US corn harvest despite the largest planted crop since World War II. USDA estimates about 672 million bushels of corn will be available at the end of the summer, down from initial estimates and well below average.
Tighter ending stocks support corn prices and could lift feed costs for livestock and poultry buyers over the coming months.
ipm.orgLiz LeslieOct 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.
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.
