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The DTN Ag Weather Brief forecasts below-normal temperatures across most of the US outside the South-Central region for the coming week. A system is expected to bring another round of widespread precipitation later in the period.
Cool, wet conditions in the US can slow spring fieldwork and affect early planting expectations, but the outlook carries no clear immediate price signal for feed grains.
dtnpf.comJohn BaranickMar 9, 2023After 1,964 past weather events, SOY moved a median +0.1% over 5 sessions (51% higher; middle half -1.7% to +1.8%), and +0.3% over 20.
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 639 past weather events, SBM moved a median +0.0% over 5 sessions (51% higher; middle half -1.9% to +2.3%), and -0.0% 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.
