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DTN reports that La Niña continues in the equatorial Pacific, with sea surface temperatures up to 3 °C below normal as of May 22, 2022. The forecaster expects a third consecutive La Niña summer and warns of crop yield challenges and elevated hurricane risk.
Expected La Niña-linked dryness and storms over key US growing areas could cut corn and soybean yields and lift prices if it materialises.
dtnpf.comBryce AndersonMay 31, 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.
