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U.S. corn was only 55% good or excellent as of June 18, the worst week since 1992 and the lowest for any June or July week since 2012. December corn hit a new yearly high of $6.29-3/4 per bushel on Wednesday, surpassing the prior high of $6.11 set January 3.
Funds have since reduced short positions as weather forecasts brought rain hopes, and December corn and November soybeans fell 1.6% and 2.4% over the last three sessions.
Poor crop conditions threaten yields from a tight old-crop stock base, which supports corn and soybean prices. Forecast rain eased prices short term, but yield risk remains a bullish factor for feed costs.
reuters.com2023年6月26日在过去 1,079 次看涨的天气事件之后，大豆 在 5 个交易日内中位数变动 +0.3%（54% 上涨；中间一半区间为 -1.4% 至 +2.0%），20 个交易日内为 +0.9%。
在过去 1,465 次看涨的天气事件之后，玉米 在 5 个交易日内中位数变动 +0.2%（54% 上涨；中间一半区间为 -1.4% 至 +1.9%），20 个交易日内为 +0.9%。
各商品基准价相对事件前最后收盘价的变动。历史数据汇总同类过往事件；仅描述已发生的情况，不代表未来走势。不构成投资建议。
Reuters notes December corn hit a yearly high June 21 then fell as rain forecasts eased weather fears and funds covered shorts, showing the weather premium was being unwound ahead of the period end.
