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DTN meteorologist John Baranick summarized 2021 weather events, including La Nina's failure to produce its typical pattern, a severe February arctic outbreak and western and Northern Plains drought. The February cold disrupted Texas energy supply and spiked natural gas prices.
The retrospective confirms weather-driven supply disruptions that affected crops and energy costs, but it carries no new price signal for the coming season.
dtnpf.comJohn BaranickDec 27, 2021After 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 15 past neutral weather events, Natural Gas moved a median -5.0% over 5 sessions (27% higher; middle half -11.3% to -0.9%), and +4.6% 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.
