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La Nina dominated U.S. weather through 2022, bringing early flooding and cold that delayed planting, then heat and drought that produced variable yields and livestock losses. DTN named it the top ag story of the year.
Variable yields and drought stress on pasture and herds tightened supplies of feed grains and livestock. The weather pattern drove much of the year's price volatility in corn, soybeans and cattle.
dtnpf.comJohn BaranickDec 30, 2022After 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.
After 80 past bullish weather events, Live Cattle moved a median +0.1% over 5 sessions (54% higher; middle half -0.8% to +1.3%), 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.
