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DTN's weekly analysis shows corn crop ratings rising contra-seasonally as of October 1, even as drought deepens. Core Corn Belt states such as Illinois, Iowa, North Dakota and Wisconsin rate about 12% below last year, while peripheral southern states are doing better.
Crop ratings in the core states remain below last year, but USDA's trend-level yield estimate keeps supply comfortable, leaving corn prices with limited upside.
dtnpf.comJoel KarlinOct 6, 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.
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.
