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The DTN Ag Weather Brief describes a pattern of troughs in the East and Rockies, with a colder outlook for much of the country into early May. It notes temperatures below normal east of the Rockies and a drier West.
A cold, wetter pattern in the eastern Corn Belt could delay planting and modestly support new-crop grain prices. The impact is limited for a short-range forecast.
dtnpf.comJohn BaranickApr 25, 2023After 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.
After 1,079 past bullish weather events, SOY moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.0%), 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.
