
Late-season rains improved nutrient uptake in 2016, but tissue sampling of 21,250 corn samples from Minnesota, Wisconsin and Iowa showed widespread zinc, boron, manganese and nitrogen deficiencies. Sulfur was also deficient late in the season.
Nutrient limitations trim achievable yields at the margin, a modest supportive factor for corn prices and fertilizer demand.
After 770 past neutral report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% over 20.
After 26 past neutral report events, Urea moved a median -0.4% over 5 sessions (42% higher; middle half -4.1% to +1.5%), 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.