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Scouts on the annual Illinois corn yield tour reported potentially smaller yields in west-central Illinois after extreme weather and heavy rains delayed planting across the Midwest. Yields were projected to improve as the tour moved west.
Yields below average in a major corn state tighten the supply outlook and support corn prices, though the improving western estimates limit the upside.
reuters.comP.J. HuffstutterAug 21, 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.
