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Winfield United agronomists in eight Midwest states report that heavy May rains and hail forced some corn and soybean replanting. They also flag weed pressure, disease openings and herbicide issues.
Replanting and late planting raise yield risk and can shift acreage and maturity, which supports corn and soybean prices at the margin.
farmprogress.comMay 26, 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, SOY 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.
