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DTN reports that US corn and soybean development is running 8 to 15 days behind normal across much of the Midwest, with corn denting at 79%, the slowest pace since 2009. Soil moisture is mixed, with saturated profiles in parts of the Plains and western Midwest and drier conditions in Indiana and Ohio.
A late-maturing crop raises the risk of frost damage and lower yields, and it may delay harvest and yield confirmation. That supports corn and soybean prices and tightens feed grain availability for buyers.
dtnpf.comMike PalmerinoSep 24, 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.
After 1,079 past bullish weather events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.0%), 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.
