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The final La Niña advisory has been issued and ENSO-neutral conditions are expected through spring, with El Niño likely from late summer into autumn. NOAA's spring outlook favours above-normal precipitation for parts of the Great Lakes, Ohio Valley and Northeast, and below-normal in the Pacific Northwest and Southwest.
Wetter Corn Belt outlook in parts of the Midwest suggests planting conditions are manageable, while El Niño risk later in the year adds weather premium for feed grains.
snowbrains.comWeatherBrainsMar 17, 2023After 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 324 past neutral weather events, Soybeans moved a median +0.0% over 5 sessions (52% higher; middle half -1.4% to +1.7%), and +0.7% 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.
