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US farmers face losses after grain prices fell sharply in the ongoing trade dispute, and many stored a historic volume of grain in bins, bags and outdoor piles. The Midwest floods add to the financial strain on growers.
Large stored supplies and flood damage pull in opposite directions for corn, with stored volume limiting price upside even as crop losses add some support.
reuters.comHumeyra Pamuk, P.J. Huffstutter, Tom PolansekMar 21, 2019After 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.
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.
