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Drought persists across southwestern Canada's Prairies and the western United States, and it expanded into the western Corn Belt during winter. World Weather Inc. argues that La Nina's persistence matters most through June, and the event has now lasted about 20 months.
Continued drought in the western Corn Belt and Plains threatens spring planting and yield prospects for corn, soybeans and wheat. Tighter expected supplies support prices for feed grains.
world-grain.comDrew LernerApr 4, 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.
After 322 past bullish weather events, Wheat (HRW) moved a median -0.1% over 5 sessions (49% higher; middle half -2.5% to +3.2%), and +1.0% 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.
