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Brownfield reports that wet spots from Missouri to Indiana are dealing with replant decisions, while most of the Corn Belt has warm, dry weather favoring planting. The Plains have showers in the Dakotas and cooler air in Montana.
Favorable planting weather in most areas limits yield risk, though localized replanting in the wet eastern belt trims supply, leaving the net price effect small.
brownfieldagnews.comGreg SouljeMay 15, 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, Soybeans 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.
