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A farmdoc daily analysis by Emerson Nafziger reports that as of July 8, 76% of the Illinois corn crop was silking. The crop was rated 81% good to excellent, down from 85% a week earlier.
More than 85% of the state had adequate or surplus soil moisture.
Good crop ratings support expectations of high yields, which tends to weigh on corn prices unless hot, dry weather develops.
doi.orgEmerson D. Nafziger, Nafziger, EmersonJan 1, 2018After 445 past neutral weather events, Corn moved a median +0.1% over 5 sessions (52% higher; middle half -1.4% to +1.6%), and +0.7% 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.
