Loading…
The Weather Company and Atmospheric G2 forecast hotter-than-average temperatures for much of the Lower 48 in summer 2022. The hottest May conditions are expected in the Southwest and Texas, while the northern Plains and Midwest are forecast near or slightly below average in May.
Heat during the summer growing season raises crop stress risk for corn and soybeans. Forecasts this early carry limited weight, so the price impact is modest.
weather.comApr 14, 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.
