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US corn seed orders lagged well behind normal because of wet, cold weather, with under 60% of planned corn area ordered versus roughly 90% in a typical year. The analysis estimates corn area down about 15% and average yields down 10%, cutting the US crop to under 340 million tonnes from 380 million previously forecast.
A sharply smaller US corn crop would cut exports from the world's largest maize exporter and tighten feed supplies. The expected shortfall is already lifting prices, so buyers should anticipate higher corn and feed costs.
zmp.deMay 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.
