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Corn traders are watching abnormally hot and dry early-season conditions in the US. Some analysts argue the warmth will boost crop growth, while others warn that early heat stress can reduce yield potential.
The debate centers on whether early heat will carry into June and July, which would threaten pollination yields and support corn prices. For now, it is a sentiment driver rather than a confirmed supply loss.
farmprogress.comKevin Van TrumpMay 29, 2018After 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.
