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DTN meteorologist Bryce Anderson says the Climate Prediction Center puts the odds of La Niña lasting through winter at 87 percent. He expects drought in the southern US, heavy precipitation in the Pacific Northwest and the eastern Midwest, and changing soil moisture by winter's end.
A likely La Niña winter raises the risk of dryness in the southern US Plains and South America, which can tighten corn, soybean and wheat supplies and support prices into the 2022 crop year.
dtnpf.comBryce AndersonDec 1, 2021After 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, SOY 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, KWHEAT 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.
