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Corn and sorghum prices have rallied on weather-related crop problems in the Corn Belt, with per-bushel corn futures up about $1 from late April to early June. A USDA June 28 report put corn acres just under 92 million, below earlier intentions of about 93 million.
Lower Corn Belt acreage and crop stress tighten feed grain supplies, lifting feed costs for buyers and supporting sorghum as a substitute.
cornsouth.comVicky BoydJul 9, 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.
