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Recent showers kept most of the Corn Belt in generally favorable condition, with 77% of corn and 74% of soybeans rated good to excellent on June 10. Dryness persisted in spots such as northern Missouri, while the southern High Plains remained in drought with heavy cotton stress in Texas and Oklahoma.
Good crop ratings limit weather premium in corn and soybeans, while Plains drought trims some sorghum and cotton-related supply, a modest offset for feed grain prices.
brownfieldagnews.comGreg SouljeJun 13, 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, Soybeans moved a median -0.6% over 5 sessions (42% higher; middle half -2.5% to +1.1%), and -0.2% over 20.
Not enough comparable past events yet for a historical read.
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.
