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hEDGEpoint Global Markets' climate report says La Niña will continue into June and weaken between July and August. Its model indicates lower corn productivity, while soybeans are expected to advance.
The report also expects lower wheat yields in the US, Argentina and Ukraine.
Lower projected corn and wheat yields tighten supply expectations and support prices. The soybean outlook is more favorable, which limits upside there.
revistacultivar.comJun 13, 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 1,072 past bullish weather events, Wheat (SRW) moved a median +0.2% over 5 sessions (55% higher; middle half -1.4% to +2.3%), and +0.3% 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.
