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Illinois planting proceeded at a normal pace in 2022, but May rainfall was 85% of normal and first-half June rainfall was about 70% of normal, with temperatures running about 2 degrees above normal. Crop condition ratings were above 80% good/excellent for corn and soybeans in early June but slipped after June 5.
Dryness during early crop development is a watch item rather than an immediate yield cut, but continued deficits would shift the market toward a drought premium for corn and soybeans.
farmdoc.illinois.eduEmerson NafzigerJun 17, 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.
