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DTN's year-end review calls 2022 the third consecutive La Nina year, which lowered production, caused forage shortages and pushed grain prices higher. Meteorologist John Baranick expects a shift toward neutral conditions in 2023.
Forage shortages and tighter grain supplies from three La Nina years keep feed costs elevated, though the expected neutral pattern in 2023 could ease the pressure.
dtnpf.comGreg D HorstmeierDec 30, 2022After 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 80 past bullish weather events, Live Cattle moved a median +0.1% over 5 sessions (54% higher; middle half -0.8% to +1.3%), and +0.7% over 20.
Not enough comparable past events yet for a historical read.
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.
