
DTN's John Baranick says the summer forecast is still hot and dry across much of the US despite a wet spring, with some exceptions. Wet conditions have delayed planting in parts of the southern Midwest after multi-day heavy rain events.
A hotter, drier summer threatens corn and soybean yields in key producing areas, which supports feed grain prices, while planting delays in the south add early-season uncertainty.
After 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.