
The Midwestern Regional Climate Center ranked its top 10 weather and climate events of 2022. Highlights included February winter storms that caused a 100-car pileup and road closures, and a March 5-6 tornado outbreak with over 60 tornadoes, including a deadly EF-4.
This is a retrospective on past weather events with no new supply shock. It has little direct effect on feed grain prices.
After 2,467 past weather events, Corn moved a median +0.1% over 5 sessions (51% higher; middle half -1.5% to +1.7%), and +0.6% over 20.
After 1,964 past weather events, Soybeans moved a median +0.1% over 5 sessions (51% higher; middle half -1.7% to +1.8%), and +0.3% 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.