Don't bank on a July rally: What 36 years of data reveal

Looking ahead, the author notes that May-to-June declines in December corn futures—$4.46 per bushel by early June versus May’s $5.04 high—have been common in 12% drops this century. Across 36 years since 1990, 19 saw a 10%–22% drop from May highs to June lows, illustrating a persistent downtrend from spring into fall.

Un rayo de esperanza: podría haber rebote en julio o agosto, pero no es seguro. En 19 casos, julio igualó el máximo de mayo en 3 ocasiones y agosto en 4. Además, los patrones históricos no garantizan repuntas futuras.