DTN's growing-season update warns of drought in the Southwest, Plains and Upper Midwest, with flooding in the Ohio and Lower Mississippi valleys. It expects La Niña to fade to neutral and forecasts a hotter, drier summer that is unfavourable for crop development across much of the US.
A hot, dry summer over the US Corn Belt and Plains would threaten yield potential for corn and soybeans. That risk supports prices and raises feed input costs.
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.
After 1,072 past bullish weather events, Wheat (SRW) moved a median +0.2% over 5 sessions (55% higher; middle half -1.4% to +2.3%), and +0.3% 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.