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StoneX chief commodities economist Arlan Suderman says U.S. corn and soybean prices depend on whether dry areas recover soil moisture before the growing season. He notes the timing of the El Nino to La Nina transition could bring a hot, dry late summer or a helpful harvest period.
A normal growing season would likely produce a large U.S. crop that pressures prices, while a hot, dry late summer would be bullish, so weather uncertainty keeps price risk elevated.
brownfieldagnews.comCarah HartApr 15, 2024After 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.
After 324 past neutral weather events, Soybeans moved a median +0.0% over 5 sessions (52% higher; middle half -1.4% to +1.7%), 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.
