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DTN analysis found that June-August 2022 was warmer than normal and drier than average across much of the Corn Belt. Nebraska had the largest rainfall shortfall at 38.8% below average, followed by Kansas, South Dakota and Iowa, and only five of the top 21 corn and soybean states had above-average summer rain.
Widespread summer dryness and heat in major producing states point to below-trend yields, which supports corn and soybean prices and tightens feed supplies.
dtnpf.comJoel KarlinSep 13, 2022After 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, Soybeans 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.
