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As of May 29, US corn planting reached 92 percent, but northwest Ohio planting lagged badly, with 82 percent of Ohio corn planted and 621,000 acres still unplanted. Commentary notes grain traders are reacting sharply to China trade headlines, and that extreme weather is expected to dominate the market for the next six weeks.
Planting delays and expected weather volatility raise crop risk for corn and soybeans, supporting prices, while trade headlines with China keep the market volatile.
ocj.comBrianna SmithJun 6, 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.
After 1,079 past bullish weather events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.0%), 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.
