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An analyst commentary on June 21, 2021, argued that volatility in summer grain markets will persist because balance sheets have little buffer against production shortfalls. It said current corn values are justified and that December corn could fall below $5.00 if acreage rises and the weather moderates, while depleted western subsoil leaves crops vulnerable to dryness.
Dry subsoil in the western Corn Belt and the weather premium support corn prices through pollination, while expected acreage gains and better weather could erode that premium before harvest.
nationalhogfarmer.comJoseph KernsJun 21, 2021After 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.
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.
