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NOAA's Climate Prediction Center outlook shows La Niña continuing to bring warmer and drier conditions to the Southeast through winter, with a transition to neutral by mid-to-late spring. The outlook gives the Southeast a better-than-usual chance of above-normal temperatures from March to May and a slightly elevated risk of dryness in southern Georgia and Florida.
Dry conditions in the Southeast are a minor concern for regional crops and forage, with limited direct effect on feed grain balances. Price impact is marginal.
site.extension.uga.eduFeb 1, 2022After 2,467 past weather events, CORN moved a median +0.1% over 5 sessions (51% higher; middle half -1.5% to +1.7%), and +0.6% over 20.
After 1,964 past weather events, SOY moved a median +0.1% over 5 sessions (51% higher; middle half -1.7% to +1.8%), and +0.3% over 20.
After 1,773 past weather events, WHEAT moved a median +0.1% over 5 sessions (52% higher; middle half -1.5% to +2.1%), and +0.2% over 20.
After 361 past weather events, PALMOIL moved a median +0.0% over 5 sessions (51% higher; middle half -1.3% to +1.3%), and -0.2% 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.
