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WinField United agronomists across eight Midwest states report highly variable corn development after a long, wet planting season that included replanting and standing water. Some Illinois fields are showing early drought stress, and sidedressing and weed control are underway.
Uneven stands and possible yield losses in parts of the Corn Belt add modest upside risk to corn prices if dryness persists.
farmprogress.comJun 24, 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 324 past neutral weather events, SOY moved a median +0.0% over 5 sessions (52% higher; middle half -1.4% to +1.7%), 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.
