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The North Carolina State Climate Office outlook says a moderate La Niña is developing for the 2021-22 winter, with sea surface temperatures forecast to peak about 1°C below normal. The office notes that last year's La Niña did not bring the expected warm, dry conditions to North Carolina.
A moderate La Niña raises the risk of dryness in South America's crop regions later, but this North Carolina outlook is regional and says little about feed grain supply or prices. Its direct price impact is minimal.
climate.ncsu.eduCorey DavisNov 9, 2021After 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.
