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A northwest Missouri farmer says his corn and soybeans look good despite more than half of Missouri being abnormally dry to severe drought. He reports crusting on soybeans from heat, weeds, and a smaller hay crop.
He says trade decisions with China could matter more to profit than the weather.
Drought in Missouri and heat stress are a modest supply risk, but the farmer's focus on trade with China signals that export uncertainty is the main price driver.
brownfieldagnews.comJun 25, 2018After 480 past neutral trade events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% over 20.
After 250 past neutral trade events, Soybeans moved a median +0.0% over 5 sessions (50% higher; middle half -1.4% to +1.6%), 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.
