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US corn planting in the week ending early May remained at the slowest pace in years. Late planting raises the risk that the crop pollinates later, when hotter temperatures can limit yields.
A slow planting pace raises the risk of reduced yields in the July pollination period, which supports corn prices and feed costs.
reuters.comKaren BraunMay 3, 2022After 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.
