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University of Illinois economist Todd Hubbs expects a corn market rally as acreage falls and yields drop, with each day of planting delay after May 25 costing about 1.1 bushels per acre. He noted that large global supplies, including possible record Brazilian exports, may limit the price rise.
Expected acreage and yield losses point to firmer US corn prices and higher feed costs. Record Brazilian export supplies are a partial offset that could cap gains.
rrfn.comCarah HartMay 31, 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.
