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DTN reports that La Niña will persist through the 2022 growing season, with the 30-day Southern Oscillation Index at +19.3 on June 30, well above the 2020 and 2021 levels. The article flags La Niña as a challenge for US corn going into pollination.
Strong La Niña signals raise the risk of US corn yield shortfalls during pollination and of South American dryness, which would tighten feed grain and meal supplies.
dtnpf.comBryce AndersonJul 1, 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 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.
