Loading…
DTN reports that July temperatures across most of the Corn Belt finished below normal, which benefited corn and soybean reproductive stages. USDA also noted favorable Midwest growing conditions in July despite pockets of drought.
Favorable July weather supports USDA's record corn yield call, which points to larger supplies and softer feed grain and soymeal prices.
dtnpf.comBryce AndersonAug 10, 2018After 357 past bearish weather events, CORN moved a median -0.3% over 5 sessions (44% higher; middle half -2.2% to +1.3%), and -0.5% over 20.
After 363 past bearish weather events, SOY moved a median -0.6% over 5 sessions (42% higher; middle half -2.5% to +1.1%), and -0.2% 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.
