◂ Event Timeline

Jan 6, 2023WEATHERUS

Corn Yield Changes After Triple-Dip La Nina Events

DTN's Bryce Anderson reviews US corn yield history after the three previous triple-dip La Niña events, dating to 1954 and 1974 and including 1998-2001. The current La Niña has persisted since the 2020 season.

WHY IT MATTERS

Historical yield patterns after multi-year La Niña events are a useful guide for the 2023 US corn crop size. Any signal of below-trend yields would support corn prices.

AFFECTSCORN◆

SOURCE
dtnpf.comBryce AndersonJan 6, 2023

Price reaction & history

CORN◆neutralSO FAR1d +0.1%5d +1.7%20d +0.6%

After 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.

Dec 27, 2021La Nina, Drought Highlight Weather Events in 2021-1.3%
May 14, 2020U.S. forecaster sees 65% chance for no El Nino, La Nina during summer-0.0%
Mar 29, 2022Corn yield winners look to new growing season+2.7%
Aug 15, 2018Warm Nights & High Yields of Corn: Oil & Water? (Purdue University)-0.6%
Nov 14, 2024US forecaster sees 57% chance of La Nina developing between now and December | Reuters+0.2%

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.

CORN · GP ▸

——— · ·

Loading…