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DTN meteorologist John Baranick says La Nina has ended and neutral conditions are present, with El Nino likely to develop later in summer 2023. He expects the effects to be felt mainly in fall or winter, with a cool spring and possible planting delays.
A shift toward El Nino could bring a different summer weather pattern to the Corn Belt, adding uncertainty to 2023 crop expectations.
iasoybeans.comIowa Soybean AssociationMar 23, 2023After 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.
