Loading…
Hot, dry conditions with temperatures of 95 to 100 degrees are persisting across much of the Midwest, with some Iowa farms reporting two weeks without rain. Farmers say corn at the V6 to V7 stage could see yield impacts if the heat continues.
Heat stress during key corn development stages raises the risk of yield losses, which would support corn and soybean prices.
brownfieldagnews.comJun 12, 2017After 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.
