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NOAA's July 21 Four-Season Outlook anticipates La Niña weakening, with precipitation improving in early 2023 while temperatures remain warm across parts of the Southern Tier. The outlook also covers the August early outlook and three-month weather and drought forecasts.
Expected easing of La Niña and warm conditions into 2023 suggest a limited near-term weather premium, with forecast dryness in the southern US still a watch point for feed supplies.
econcurrents.comSig SilberJul 22, 2022After 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.
After 224 past neutral weather events, Wheat (SRW) moved a median -0.1% over 5 sessions (46% higher; middle half -1.4% to +1.5%), and +0.4% 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.
