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Corn harvest is nearly complete in the western Midwest and Illinois, but wet weather has slowed harvest in the eastern Midwest. Indiana, Ohio, Michigan and Wisconsin are well behind, and some North Dakota corn may be left in the field until spring.
In the Southern Plains, dry weather in Oklahoma and west Texas is starting to hurt winter wheat ratings.
Delayed harvest and possible corn left in fields add logistical and quality risks, while dryness in the Southern Plains could reduce hard red winter wheat supplies. Both factors are modestly supportive for the affected grains.
dtnpf.comMike PalmerinoNov 21, 2017After 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.
After 322 past bullish weather events, Wheat (HRW) moved a median -0.1% over 5 sessions (49% higher; middle half -2.5% to +3.2%), and +1.0% 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.
